Press TV - 11/10/13, AT/HJ
The bank was found liable for fraud over defective mortgages
sold by its Countrywide unit.
sold by its Countrywide unit.
Bank of America has been urged by the US government to pay $863.6 million in damages after it was found liable for fraud over defective mortgages sold by its Countrywide unit.
The US government has also asked for penalties against Rebeca Mairone, a former midlevel executive at the bank’s Countrywide unit District Court in Manhattan, who was also found liable by a federal jury.
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