Mortgage

Judge denies BofA request for new mortgage hustle trial

Rules Countrywide fine should stick

A federal judge in Manhattan said a $1.27 billion fine against Bank of America over an old mortgage-lending program known as Hustle should stick.

Former Countrywide executive Edward O’Donnell filed a whistleblower lawsuit that accused Countrywide of defrauding government-backed mortgage finance companies Fannie Mae and Freddie Mac.

In 2014, O-Donnell received $57 million by reporting Countrywide them loans that were not as good as the company represented them to be.

The case became known as the “Hustle” case due to the Countrywide process through which the loans were sold, which was technically referred to as HSSL.

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Selling your home to a family member in 5 easy steps 

Selling your home to a family member can be beneficial but requires careful planning and transparent communication. Follow these five steps to ensure a smooth transaction, from agreeing on logistics and assembling a professional team to determining your home’s value and understanding tax implications.

3d rendering of a row of luxury townhouses along a street

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