‘Face of the Housing Crisis’ Exonerated by Appeals Court Countrywide Hustle Ruling

HousingWire, May 27, 2016–Lane, Ben

Lost in the shuffle of the United States Court of Appeals for the Second Circuit’s decision to toss the $1.27 billion penalty against Bank of America in a fraud case over defective mortgages sold by Countrywide was the fact that the court also overturned the fraud charges and voided the $1 million penalty against Rebecca Mairone, who the New York Times once referred to as the “face of the housing crisis.”