The United States filed a civil mortgage fraud lawsuit against Bank of America Corp (BAC.N), accusing it of selling thousands of toxic home loans that later defaulted to Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB), leading to more than $1 billion of losses. U.S. Attorney Preet Bharara in Manha…
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U.S. sues Bank of America over "Hustle" mortgage fraud