BofA To Appeal Rakoff's $1.3B Mortgage Fraud Fine
By Evan Weinberger ( August 21, 2014, 2:16 PM EDT) -- Bank of America Corp. on Thursday said it plans to appeal the $1.3 billion fine that U.S. District Judge Jed S. Rakoff slapped on the bank last month for defrauding Fannie Mae and Freddie Mac through a program designed to speed up mortgage issuing....
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