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.
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.
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.
If you have information about fraudulent practices, contact our office for a free, confidential consultation:
This article is for informational purposes only and should not be considered legal advice.
To determine whether you have a potential case, please complete the Case Evaluation form by clicking the button above, and a member of our team will contact you as soon as possible. To learn more about whistleblower protections, click here.
You don’t have to go it alone. Our attorneys have successfully represented whistleblowers in some of the largest fraud cases in the country, delivering real results while protecting our clients. Take the first step today.