Bank of America Sued Over $261 Million in Mortgage Bonds

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Bank of America Sued Over $261 Million in Mortgage Bonds

Bank of America Sued Over $261 Million in Mortgage Bonds

Bloomberg-

Bank of America Corp., the second- biggest U.S. lender by assets, was sued by investors over $261.2 million worth of residential mortgage-backed securities.

The case was filed yesterday in New York State Supreme Court in Manhattan by investors including Phoenix Light SF Ltd. They asked for damages of more than $122.2 million from defendants including the Charlotte, North Carolina-based lender and its Countrywide unit.

[BLOOMBERG]

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One Response to “Bank of America Sued Over $261 Million in Mortgage Bonds”

  1. JIMI says:

    god work in strange way boa crooks that stealing homes by fraud all over america deserve this law suit,what gos around comes around

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