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United States of America ex rel. Edward O'Donnell
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September 19, 2014
Bank of America Corp.'s attempt to overturn a New York federal jury's verdict that it defrauded Fannie Mae and Freddie Mac through an expedited mortgage-issuing program — prompting a $1.3 billion fine — defies "the evidence, the law and common sense," the government argued Friday.
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August 29, 2014
Former Countrywide Financial executive Rebecca Mairone asked a New York federal court Friday to overturn a jury's decision that she helped defraud Fannie Mae and Freddie Mac, saying the finding that she helped the Bank of America Corp. unit to scam the government relied on a distortion of the term "quality" as it applied to the loans.
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August 28, 2014
Bank of America Corp. urged a New York federal judge on Thursday to toss a jury's verdict finding that the bank's Countrywide Financial unit defrauded Fannie Mae and Freddie Mac with faulty mortgages — for which BofA was fined $1.3 billion — or grant a new trial, calling the verdict "unreasonable."
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August 21, 2014
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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August 06, 2014
A former Bank of America Corp. executive whose tips about mortgage fraud led to a mammoth $1.3 billion judgment may receive only $1.6 million under the Financial Institutions Reform Recovery and Enforcement Act, exposing a flaw in the statute's dated whistleblower provision.
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January 30, 2014
The U.S. Department of Justice has substantially increased the size of the fine it is seeking from Bank of America Corp. in a closely watched mortgage fraud case, urging a New York federal court on Wednesday to impose a $2.1 billion civil penalty.
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December 05, 2013
A federal judge signaled Thursday he might fine Bank of America Corp. more than $1 million, a penalty amount favored by the institution, for defrauding Freddie Mac and Fannie Mae through a mortgage program.
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December 02, 2013
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.
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November 21, 2013
Bank of America Corp. and a former bank official told a New York federal judge on Wednesday they should not be forced to pay fines after a jury found them liable for defrauding Fannie Mae and Freddie Mac through a mortgage program nicknamed the "hustle."
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October 15, 2013
A former Countrywide Financial Corp. executive denied having schemed to rip off Freddie Mac and Fannie Mae through a program designed to speed mortgage issuing, as she testified Tuesday for the first time in the government's fraud trial in New York district court.