Bank of America ordered to pay $1.27 bln for Countrywide fraud
July 30, 2014 at 13:56 PM EDT
NEW YORK, July 30 (Reuters) - 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.