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Shruti J. Shah Contributing Editor

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Richard Bistrong Contributing Editor 

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Entries in Freddie Mac (1)

Thursday
Jul312014

BofA fined $1.27 billion for Countrywide mortgage fraud

Judge Jed Rakoff of the U.S. district court in New York on Wednesday ordered Bank of America to pay a $1.27 billion fine for fraud perpetrated by Countrywide Financial Corp., a mortgage company the bank acquired in 2008.

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