U.S. seeks $2.1B from Bank of America

The Justice Department is seeking $2.1 billion in fines from Bank of America related to mortgage fraud perpetrated by Countrywide Financial before it was purchased by BofA.

The Justice Department had previously requested $863 million, according to CNNMoney.

A jury found Bank of America guilty of fraud last October in a civil case involving Countrywide's actions. The government alleges Countrywide gained some $5 billion in proceeds from the sale of mortgage loans that wer defective and sold with misrepresentations.

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