Relevant:
- U.S. seeks $864 million from Bank of America after fraud verdict
- Judge endorses use of fraud law against Bank of America
- Bank Of America Liable For Fraud In Countrywide Mortgage Case: Jury
- Bank of America liable for Countrywide "Hustle" mortgages fraud
- Bank of America ordered to pay $1.27 billion for 'Hustle' fraud
2013-11-09 — huffingtonpost.com
``The penalties the government requested are slightly higher than the amount lawyers in the office of Manhattan U.S. Attorney Preet Bharara had previously indicated they would seek, $848.2 million. The amount is based on the gross loss Fannie Mae and Freddie Mac incurred on the HSSL loans, the government said.
Bank of America, the second-largest U.S. bank, has previously said it is evaluating its options for appeal. It is scheduled to respond to the government's penalty request by Nov. 20.''
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