Headline Details

UPDATE 1-BofA fails to overturn $1.27 bln Countrywide fraud verdict

Published on: Tue, 03 Feb 2015 21:21:01 UTC
News Agency: Reuters
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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