Ex-Countrywide executive, Rebecca Mairone added as defendant in BofA fraud lawsuit

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Ex-Countrywide executive, Rebecca Mairone added as defendant in BofA fraud lawsuit

Ex-Countrywide executive, Rebecca Mairone added as defendant in BofA fraud lawsuit

You can read the TESTIMONY OF REBECCA MAIRONE DEFAULT SERVICING EXECUTIVE BANK OF AMERICA HOME LOANS Before the HOUSE FINANCIAL SERVICES HOUSING AND COMMUNITY OPPORTUNITY SUBCOMMITTEE 

And you might also find this interesting as well: Rebecca Mairone, BofA Exec Who Allegedly Enabled Fraud, Now Head Of JPMorgan Chase Foreclosure Review

Reuters-

The Justice Department has added a former top executive at Countrywide Financial Corp as a defendant in a lawsuit accusing Bank of America Corp of causing taxpayers $1 billion in losses to Fannie Mae and Freddie Mac.

Rebecca Mairone was added as a defendant in an amended civil lawsuit dated January 11 and filed in U.S. District Court in New York. The filing was not made available in electronic court records until later in the month.

The complaint says it was at Mairone’s direction that the bank implemented a program to speed up the processing of home loans and remove barriers intended to ensure loans are not tainted by fraud. The program was known internally at Countrywide as the “Hustle,” the Justice Department said in the complaint.

[REUTERS]

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