DOJ Eyes $1.1M Penalty For Ex-Countrywide Exec

Law360, New York (December 2, 2013, 3:27 PM EST) -- The U.S. Department of Justice is seeking a $1.1 million fine against former Countrywide Financial Corp. official Rebecca Mairone, after a New York federal jury found her and the bank liable for mortgage fraud, according to a recent court filing.

Mairone, who was found liable for her role in a mortgage program nicknamed the “hustle” that allegedly defrauded Fannie Mae and Freddie Mac, should be ordered to pay a $1.1 million civil penalty, according to the government's Nov. 27 brief. Prosecutors have already requested from Bank...
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