Feds Sue BofA Over Alleged $1B Mortgage Fraud

By Max Stendahl (October 24, 2012, 1:21 PM EDT) -- The U.S. Department of Justice on Wednesday hit Bank of America Corp. with a $1 billion False Claims Act suit alleging the bank sold defective mortgage loans to Fannie Mae and Freddie Mac through a fraudulent origination program called "the Hustle."...

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