May 29, 2012
A former Countrywide Financial Corp. employee who launched a whistleblower suit claiming the Bank of America Corp. unit knowingly inflated property appraisals for federal loans has received a $14.5 million reward for the information he provided the government, his lawyer said Tuesday.
February 24, 2012
A former Countrywide Financial Corp. employee says in a False Claims Act suit unsealed Friday in New York federal court that the Bank of America Corp. unit knowingly inflated property appraisals for Federal Housing Authority-backed loans.