Federal court throws out fraud case against Bank of America

May 24, 2016
The decision could limit the Justice Department’s ability to push for settlements with big banks over the financial crisis.
The Department of Justice had accused Bank of America and the company's mortgage lending unit, Countrywide, of fraud.
Spencer Platt/Getty Images

Angelo Mozilo really doesn't get it

Sep 2, 2014
Angelo Mozilo wants to know why people still think he's a villain.

Bank of America and Countrywide's "Hustle"

Oct 23, 2013
A jury in Manahattan found Bank of America guilty of a single count of civil fraud related to defective mortgages sold by Countrywide Financial.

Feds sue Bank of America over 'hustle' home loans

Oct 25, 2012
Federal prosecutors in New York are accusing the bank of defrauding the government by rushing home loans through the approval process, then selling them to Fannie Mae and Freddie Mac.

Justice Department sues Bank of America over mortgage fraud

Oct 24, 2012
The Justice Department says Countrywide Financial -- which B of A bought in 2008 -- cranked out bad home loans without proper checks to make sure they were legit, and then sold those mortgages to Fannie Mae and Freddie Mac.

House report links Countrywide, Congress

Jul 5, 2012
The home lender Countrywide gave preferential treatment to members of Congress, their staffs and employees of Fannie Mae in order to win influence in government, according to a long-awaited review by a House committee.

Mortgage settlement hikes the cost of Countrywide

Dec 22, 2011
Bank of America will pay $335 million to settle mortgage discrimination charges against Countrywide Financial.

You’ve got questions. We help you answer them.

Support nonprofit, independent journalism that makes you smarter.

Countrywide discrimination settlement reached

Dec 22, 2011
Countrywide was accused of steering more than 200,000 black and Hispanic borrowers into risky subprime loans during the housing bubble. But is the practice really over now?

Bank of America, Countrywide settle discrimination case

Dec 22, 2011
BofA's costs mount as it settles a mortgage discrimination suit against subsidiary Countrywide Financial.

Amazon, Apple under investigation for e-book pricing...

Aug 3, 2010
...Did they e-conspire to keep e-prices e-high?...