Whistleblowers Help Secure $45M Settlement in Countrywide VA Mortgage Fraud Case

Bank of America/Countrywide Mortgage agreed to pay $45 million to settle allegations of veteran mortgage fraud, marking another major recovery resulting from a broader VA loan fraud complaint. The case alleged that Countrywide improperly charged hidden and illegal fees to military veterans seeking home loan refinancing, violating federal guidelines designed to protect veteran borrowers.

Part of a Larger VA Loan Fraud Scheme

This settlement was part of a series of lawsuits filed by Wilbanks & Gouinlock (W&G) whistleblowers, who exposed widespread veteran mortgage fraud involving multiple national lenders. Their insider knowledge helped uncover the scope of deceptive practices targeting military families.

Landmark Win Against Veteran Mortgage Fraud

The $45 million recovery from Bank of America/Countrywide adds to over $250 million recovered from seven lenders involved in the broader scheme. This case highlights the critical role whistleblowers play in exposing veteran mortgage fraud and protecting those who have served. Read more about this case here.

Report Fraud at No Cost

If you have information about fraudulent practices, contact our office for a free, confidential consultation:

• Fill out our consultation form by clicking here.
• Email us at info@wilbanksgouinlock.com.
• Call (404) 842-1075, ext. 123 or 122.

This article is for informational purposes only and should not be considered legal advice.