Bank of America Ordered to Pay $1.3 Billion for Countrywide Fraud – Chinatopix

Chinatopix
The Bank of America was ordered to pay US$1.3 billion by a federal judge on Wednesday for taking part in selling risky mortgages to government-sponsored enterprises, Fannie Mae and Freddie Mac. U.S. District Judge Jed Rakoff imposed the civil penalty …
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Source: Business News From Google News

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