Bank of America Ordered to Pay Nearly $1.3 Billion in Mortgage Case MICHAEL CORKERY and BEN PROTESS In determining the penalty, Judge Rakoff calculated how much Fannie Mae and Freddie lost from the defective mortgages that were originated as part of a program that was nicknamed the “hustle.” July 30, 2014 at 4:00AM http://nyti.ms/1nU7vXf http://nyti.ms/1qnCKYa The New York Times Business Day Banking and Financial Institutions, Fines (Penalties), Mortgages

By MICHAEL CORKERY and BEN PROTESS via NYT / Eethg. Corps. Inc. / Terrence Herschel G. Business Day http://nyti.ms/1nU7vXf Bank of America Ordered to Pay Nearly $1.3 Billion in Mortgage Case July 30, 2014 at 4:00AM http://nyti.ms/1qnCKYa The New York Times