The Ticker
BofA's $8.5 billion mortgage bond settlement gears up for hearing
2/27/13 1:19pm
Bank of America's ($13.24 0.03%) proposed $8.5 billion settlement with mortgage-bond investors is scheduled to be considered for approval by a state court judge in New York at a hearing beginning May 30.
The agreement, which resolves claims over Countrywide Financial mortgage bonds, was filed in court for approval in 2011 and has drawn challenges from some investors.
