Justice Dept. says Bank of America should be fined $2.1 billion for mortgage fraud Posted on February 12, 2014 by Jay Fenello Justice Dept. says Bank of America should be fined $2.1 billion for mortgage fraudReuters/Mike Blake The United States government is now seeking $2.1 billion in fines from Bank of America for selling fraudulent loans that precipitated the Great Recession, more than double the amount it initially sought last year. via Rt