BofA Ordered to Pay $1.27 Billion Over Mortgage Fraud

BofA Ordered to Pay $1.27 Billion Over Mortgage Fraud

John Caher

Judge Jed Rakoff's decision, which also slapped a former executive with a $1 million personal judgment, followed a trial last fall in which jurors found that the Countrywide financial unit defrauded Freddie Mac and Fannie Mae by peddling at break-neck speed what they knew were substandard loans.

  • UBS, Deutsche Bank Disclose Regulatory Inquiries

  • BofA Ordered to Pay $1.27 Billion Over Mortgage Fraud

  • BlackBerry to Acquire Secusmart

  • Investment Banks Profit from Inversion Deals

  • Tyson to Sell Poultry Businesses in Brazil and Mexico

  • Latest Pharma Deals Draw Counsel from Am Law Firms

  • David Ogden Presses Changes to False Claims Act

      LOAD MORE