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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Case Information

Case Title

United States of America ex rel. Edward O'Donnell

Case Number



New York Southern

Nature of Suit

Banks and Banking


Jed S. Rakoff

Date Filed

February 24, 2012

Law Firms


Government Agencies

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