Headline Details

Bank of America fails to overturn Countrywide fraud verdict

Published on: Tue, 03 Feb 2015 19:29:35 UTC
News Agency: Reuters
Description:
NEW YORK, Feb 3 (Reuters) - A federal judge on Tuesday rejected Bank of America Corp's bid to throw out a jury verdict finding it liable for the sale of questionable loans to Fannie Mae and Freddie Mac before the financial crisis, which led to a $1.27 billion civil penalty.

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