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  7. Bank of America ordered to pay $1.27 billion for Countrywide fraud

Bank of America ordered to pay $1.27 billion for Countrywide fraud

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30 Jul 2014 16:08 #204405 by chairman
NEW YORK - A federal judge on Wednesday ordered Bank of America Corp to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud over defective mortgages sold by its Countrywide unit.
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  • May102014
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30 Jul 2014 16:12 #204406 by May102014
Looks like Bank of America is following the lead from Walls Fargo, a company with a known record of mortgage fraud against low income people. I'm not surprise but more numb to learn yet another conglomerate engage in fraudulent business practices to fatten their pocket books. The disgusting part is they do these actions at the expense of citizens who may be on the verge of losing a home.

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30 Jul 2014 16:43 #204440 by ketchim
This is entire Portfolios from regular banks !

not their own.... 

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30 Jul 2014 16:48 #204444 by chairman
i will be waiting for a check in the mail.
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30 Jul 2014 17:06 #204456 by Livvy
Somehow I think you'll be waiting quite a while, you know?

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