TBA Law Blog


Posted by: Brittany Sims on Oct 24, 2013

A jury in federal court found Bank of America and a former Countrywide Financial executive guilty of fraud, the Nashville Business Journal reports. Jurors concluded Bank of America, through its Countrywide Financial acquisition, had fraudulently sold mortgages to Fannie Mae and Freddie Mac as part of an internal program called "The Hustle."