BofA’s legal costs mount in Countrywide mortgage fiasco

BofA’s legal costs mount in Countrywide mortgage fiascoFederal prosecutors want BofA to pay $864 million after the bank’s stinging defeat in a major civil fraud trial in October. A jury found BofA liable in a case centered on a Countrywide program called “The Hustle,” which churned out risky home loans before selling them to mortgage giants Fannie Mae and Freddie Mac.

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