Relevant:
- Bank of America liable for Countrywide "Hustle" mortgages fraud
- Bank Of America Liable For Fraud In Countrywide Mortgage Case: Jury
- Bank of America wins reversal of $1.27 billion penalty in Countrywide "Hustle" mortgage case
- U.S. seeks $864 million from Bank of America after fraud verdict
- Judge endorses use of fraud law against Bank of America
2014-07-31 — reuters.com
``A federal judge on Wednesday ordered Bank of America Corp to pay a $1.27 billion penalty for fraud over shoddy mortgages sold by the former Countrywide Financial Corp. U.S. District Judge Jed Rakoff in Manhattan ruled after a jury last October found the second-largest U.S. bank liable for the sale by Countrywide of defective loans to government-controlled mortgage companies Fannie Mae and Freddie Mac''
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