Bank of America Corp. won dismissal of a lawsuit that sought to force the bank’s Countrywide unit to buy back the full unpaid balance of mortgages it had sold to investor trusts. New York state Supreme Court Justice Barbara Kapnick ruled that the plaintiffs failed to meet the preconditions required under the trusts’ pooling and service agreements for bringing a suit, including the support of 25% of certificate holders.
BofA wins dismissal of suit seeking mortgage buybacks
Most Popular Articles
Latest Articles
Labor market report is good news for mortgage rates
Friday’s jobs report came in as a miss of estimates and wage growth came in lower than expected, which is good news for mortgage rates.
-
Virginia Realtors: Zillow’s touring agreement may not be legal
-
Low inventory creates challenging conditions in North Carolina’s housing market
-
Tri-state area housing shortage could cost the region economically
-
Remote reverse mortgage counseling now permanently permitted in Massachusetts
-
NAR settlement terms slated to go into effect in mid-August