Countrywide Leader Named in ‘Hustle’ Lawsuit Now a JPMorgan Exec

NEW YORK (TheStreet) — A Countrywide executive mentioned in the U.S. lawsuit against Bank of America(BAC) Wednesday for allegedly ignoring warnings about the firm’s defective loan origination process is now a home lending executive at JPMorgan Chase (JPM).

Rebecca Mairone was Chief Operating Officer at Countrywide’s Full Spectrum Lending Unit, which implemented a new origination process called “Hustle” to fast track the underwriting and processing of loans to boost volume and revenue.

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