BRIEF-Bank of America ordered to pay $1.27 billion in "Hustle" fraud case

July 30 Wed Jul 30, 2014 1:32pm EDT

July 30 (Reuters) - Bank of America Corp : * Ordered to pay U.S. government $1.27 billion in countrywide "hustle" fraud

case -- court ruling * Co-defendant rebecca mairone ordered to pay $1 million * Decision issued by U.S. district judge jed rakoff in Manhattan