BofA to pay record $500M to settle claims by investors in Countrywide mortgages

By Inman News Feed
Add Comment Add Comment | Comments: 0 | Posted Dec. 6, 2013

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Breaking its own record for a settlement resolving class-action litigation over mortgage-backed securities, Bank of America will pay $500 million to investors who claimed they were misled about the soundness of mortgages originated by Countrywide and packaged into MBS. The ...

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