Bank of America Seeks To Void Verdict In $1.27B ‘Hustle’ Case

Nate Raymond, Reuters NEW YORK, Aug 28 (Reuters) – Bank of America Corp on Thursday asked a federal judge to throw out a jury verdict finding it liable for fraud over defective mortgages sold by its Countrywide unit that resulted in a $1.27 billion penalty. The bank urged U.S. District Judge Jed Rakoff in Manhattan […]

Countrywide Hustler Named In “Hustle” Lawsuit

Mark Gongloff, Huffington Post The U.S. government has sued a specific individual in a major case alleging fraudulent subprime mortgage sales in the lead up to the financial crisis. Rebecca Mairone, formerly a top official at Countrywide Financial, has been named in an amended complaint filed earlier this month by Preet Bharara, the U.S. Attorney for […]

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