Bank of America Ordered to Pay Nearly $1.3 Billion in Mortgage Case

A federal judge has ordered Bank of America to pay nearly $1.3 billion in penalties for its role in defrauding Fannie Mae and Freddie Mac into buying thousands of defective mortgages. The penalty handed down by Judge Jed S. Rakoff of the Federal District Court in Manhattan on Wednesday comes aft…

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Bank of America Ordered to Pay Nearly $1.3 Billion in Mortgage Case

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