Alleged ‘callous conduct’ at Countrywide costs BofA $108M
Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, collected outsized fees from borrowers facing foreclosure.
Bank of America will pay $108 million to settle federal charges that Countrywide Financial Corp., which it acquired nearly two years ago, collected outsized fees from borrowers facing foreclosure.
It's the latest evidence of misconduct at Countrywide, once an industry giant that has since fallen.
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