Wednesday, July 30, 2014

Bank of America Ordered to Pay Nearly $1.3 Billion in Mortgage Case by MICHAEL CORKERY and BEN PROTESS



By MICHAEL CORKERY and BEN PROTESS


In determining the penalty, Judge Rakoff calculated how much Fannie Mae and Freddie lost from the defective mortgages that were originated as part of a program that was nicknamed the “hustle.”


Published: July 30, 2014 at 4:00AM


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