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However, many of these sales occurred before Bank of America acquired Countryside in 2008. ![]() District Court of Manhattan to fine the corporation $864 million for bad mortgage loans sold by Countryside, a subsidiary, to Freddie Mac and Fannie Mae in the leadup to the 2008 financial crisis. In early November, a motion was filed in the U.S. One the nation’s largest banks, Bank of America has come under some recent fire with federal prosecutors lately. The Bank of America Corporation, headquartered in Charlotte, NC, is a financial services and banking institution that operates in all 50 states across America.
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