Mortgage And Real Estate News

Tuesday, May 24, 2016

Appeals Court overturns Bank of America's $1.27 billion fine in 'Hustle' case

The United States Court of Appeals for the Second Circuit handed Bank of America a massive victory, and dealt the Department of Justice a major blow, Monday when it overturned a $1.27 billion penalty against the megabank in a fraud case over defective mortgages sold by Countrywide, as first reported by Reuters.


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