Cyprexx: Discrimination charges “frivolous”

Cyprexx: Discrimination charges “frivolous”

Fannie Mae contractor responds to charges from National Fair Housing Alliance

Hey CNBC, shut up about millennials already

Your advice is patronizing, contradictory and just plain wrong

Morgan Stanley finally pays $275 million for subprime RMBS fraud

SEC charged company with misrepresenting loans
W S
Investments / The Ticker

BofA: AIG can't sue over devalued mortgage bonds

/ Print / Reprints /
| Share More
/ Text Size+

Bank of America (BAC) lawyers asked a federal judge to dismiss American International Group (AIG) fraud claims over devalued Countrywide Financial mortgage-backed securities it had to sell as part of the government bailout.

U.S. District Judge Mariana Pfaelzer, at a hearing today in Los Angeles, didn’t rule on Bank of America’s request.

The bank, which acquired Countrywide in 2008, argued that AIG transferred the right to sue over the securities when it sold them as part of a $21 billion transaction to an entity created by the Federal Reserve Bank of New York.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus