BofA Ordered to Pay $1.27 Billion Over Mortgage Fraud

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.

YOUR COMPLIMENTARY 15-DAY LAW.COM TRIAL HAS ENDED.
Subscribe now to continue reading →

To continue reading, upgrade and become a Law.com subscriber.
Get 2 MONTHS FREE when you sign up for a 12 month subscription.