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» Do the Hustle: DOJ Almost Triples Penalty for BofA in GSE/CFC Case
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Do the Hustle: DOJ Almost Triples Penalty for BofA in GSE/CFC Case
January 31, 2014
Charles Wisniowski
DOJs initial penalty calculation was based on the gross loss to Fannie and Freddie from the default of the loans, but now the government says the court should use gross gain, instead of net gain to set the maximum allowable penalty.
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