The United States Court of Appeals for the Second Circuit handed Bank of America a massive victory, and dealt the Department of Justice a major blow, on Monday when it overturned a $1.27 billion penalty against the megabank in a fraud case over defective #mortgages sold by Countrywide. The case stems from the government suing Bank of America over Countrywide’s “Hustle” loan origination process. Click the headline for the full story. http://www.housingwire.com/articles/37092-appeals-court-overturns-bank-of-americas-127-billion-fine-in-hustle-case ❤️ #share #mortgage
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