United States of America ex rel. Edward O'Donnell

  1. September 19, 2014

    Gov't Derides BofA Challenge Of Mortgage Fraud Verdict

    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.

  2. August 29, 2014

    Ex-Countrywide Exec Defends Fannie-Freddie Loans' 'Quality'

    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.

  3. August 28, 2014

    BofA Wants Verdict Scrapped In $1.3B Mortgage Fraud Case

    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."

  4. August 21, 2014

    BofA To Appeal Rakoff's $1.3B Mortgage Fraud Fine

    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.

  5. August 06, 2014

    BofA Whistleblower's Slim Payday Leads To Calls For Reform

    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.

  6. January 30, 2014

    Feds Demand $2B Penalty In BofA Mortgage Fraud Case

    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.

  7. December 05, 2013

    $1M Fine Against BofA May Be Too Low, Judge Says

    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.

  8. December 02, 2013

    DOJ Eyes $1.1M Penalty For Ex-Countrywide Exec

    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.

  9. November 21, 2013

    BofA, Ex-Exec Say 'Hustle' Verdict Doesn't Warrant Fines

    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."

  10. October 15, 2013

    Ex-Countrywide Exec Denies Cheating Fannie And Freddie

    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.