| IKB Sues BofA Over $250M In Soured RMBS Sales |
Law360 (subscription)Inc., NB Holdings Corp. and Countrywide Financial Corp. of making several misrepresentations and omissions regarding the securitization and sale of $200 million and $56 million in mortgage-backed securities in two separate offerings.
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| BofA Urges Judge To Dismiss AIG's $10B RMBS Suit |
Law360 (subscription)By Jonathan Randles Law360, Los Angeles (May 14, 2012, 7:04 PM ET) -- Bank of America Corp. on Monday urged a California federal judge to dismiss American International Group Inc.'s $10.5 billion lawsuit accusing the bank's Countrywide Financial Corp.
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| Countrywide launches adviser consolidator led by Intrinsic founder |
Mortgage StrategyCountrywide financial services director and former Halifax Bank of Scotland Intermediary managing director Nigel Stockton is a non-executive director and Zurich Independent IFA founder Dawn Pearce-Herzberg is operations director.
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| Opponents Of $8.5 Billion BofA Settlement Allowed To Have Access To Some ... |
Fox BusinessThe proposed deal would resolve claims over mortgage bonds issued by Countrywide Financial Corp., which was bought by Bank of America in 2008. BlackRock Inc. (BLK) and MetLife Inc. (MET) are among the institutions who have agreed to the settlement, ...
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| Bank of America's great mortgage give-away |
CBS MoneywatchThe mortgage lending and servicing unit, that includes the former Countrywide Financial business, has begun sending letters to customers informing them that they may forgive a portion of the principal balance on their mortgage.
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| Investors Can Peer Into $8.5B BofA Settlement Negotiations |
Law360 (subscription)By Eric Hornbeck Law360, New York (May 08, 2012, 7:33 PM ET) -- A New York state judge said Tuesday that investors who objected to a proposed $8.5 billion settlement with Bank of America Corp. over its Countrywide Financial Corp. mortgage-backed ...
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| Wells Fargo may face fair lending claims |
Sun-SentinelThe disclosure comes several months after Bank of America Corp's Countrywide Financial unit agreed in December to pay a record $335 million to settle similar charges. The Justice Department accused Countrywide of charging blacks and Hispanics higher ...
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