Company Update: Bank of America Corporation (NYSE:BAC) – BofA Should Pay $2.1 Billion in Fraud Case, U.S. Says

January 30, 2014 at 08:55 AM EST

[at Bloomberg] – Bank of America Corp.’s Countrywide unit should pay the maximum penalty of $2.1 billion for defective mortgage loans it sold to Fannie Mae and Freddie Mac in the run-up to . . . → Read More: Company Update: Bank of America Corporation (NYSE:BAC) – BofA Should Pay $2.1 Billion in Fraud Case, U.S. Says Similar Articles: Bank of America Corporation (NYSE:BAC) | BofA tells judge it shouldn’t pay penalty in Countrywide case, Bloomberg reports JPMorgan Chase & Co (NYSE:JPM) | Bank of America could face $6.8 billion fine if it settles FHFA case on J.P. Morgan’s terms Bank of America Corporation (NYSE:BAC) ~ Bank of America could face $6.8 billion fine if it settles FHFA case on J.P. Morgan’s terms

Bank of America Corporation (NYSE:BAC) [at Bloomberg] – Bank of America Corp.’s Countrywide unit should pay the maximum penalty of $2.1 billion for defective mortgage loans it sold to Fannie Mae and Freddie Mac in the run-up to the 2008 financial crisis, federal prosecutors told a judge in a court filing. U.S. District Judge Jed Rakoff in Manhattan is considering how much to penalize the bank following months of arguments over the size of the civil penalty Charlotte, North Carolina-based … [visit site to read more]