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January 31, 2014

Do the ‘Hustle’: DOJ Almost Triples Penalty for BofA in GSE/CFC Case

By Charles Wisniowski

DOJ’s 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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With the spring homebuying season in full swing, what percentage of your March 2017 application volume has been for “purchase” loans?

75% or higher

48%

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Under 30%

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