Countrywide Whistleblower Awarded $57 Million Over BofA Deals

A former executive of Countrywide Financial will receive a whistleblower reward of over $57 million for his role in bringing a lawsuit against Bank of America Corp.

Edward O’Donnell is receiving the award due to a federal civil lawsuit he filed under the False Claims Act which the federal government joined and used as the basis for forcing Bank of America into a settlement.

Countrywide Financial whistleblower lawsuit

Former Countrywide employee O’Donnell filed a lawsuit in June accusing a Countrywide unit of defrauding Fannie Mae / Federal National Mortgage Association and Freddie Mac / Federal Home Loan Mortgage Corp through home loans it sold them, for which Bank...