BofA $8 Billion Mortgage Deal Before Judge After 2 Years

June 2013
Insurance Broadcasting;6/4/2013, p31
Trade Publication
The article reports that New York judge Justice Barbara Kapnick is considering the 8.5 billion U.S. settlement of the Bank of America Corp. with mortgage-bond investors two years after the lender struck the deal to resolve claims over home loans bundled into securities. The settlement is part of an effort to clear up liabilities tied to the purchase of homelender Countrywide Financial in 2008. If the settlement is rejected, the bank will either have to negotiate a costlier agreement.


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