NY pushes objection to BofA $8.5 billion mortgage pact

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NY pushes objection to BofA $8.5 billion mortgage pact

NY pushes objection to BofA $8.5 billion mortgage pact

Reuters-

Bank of America Corp’s proposed $8.5 billion mortgage bond settlement received fresh opposition on Tuesday from New York’s attorney general, who said the accord appears unfair to investors who may deserve to recover more.

Eric Schneiderman, the attorney general, filed papers on Tuesday asking a New York State Supreme Court justice for permission to intervene.

He had made the same request last August before the case moved to federal court. It returned to the state court in February.

The settlement announced last June arose from Charlotte, North Carolina-based Bank of America’s 2008 purchase of Countrywide Financial Corp, once the nation’s largest mortgage lender.

[REUTERS]

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One Response to “NY pushes objection to BofA $8.5 billion mortgage pact”

  1. DANIELA says:

    THIS NEW YORK AG IS A HERO FOR FIGHTING BANK OF AMERICA FRAUD
    ALL THE WAY. BANK OF AMERICA FRAUD IS ALL OVER AMERICA RIGHT NOW
    EVEN AFTER THEY SIGNED ADEAL WITH 50 STATES. NJ AG WHERE ARE YOU WHAT HAVE YOU DONE LATLY TO PROTECT HOMEOWNERS IN NJ FROM BANK OF AMERICA FRAUD?WE ARE WAITING

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