Explosive allegations in BofA hearing over $8.5B MBS settlement

Explosive allegations in BofA hearing over $8.5B MBS settlement Old Republic MI subsidiary aims to write new business again Dickie Smothers aims to launch the next chapter of his long career in comedy. "Comedy Hour" proved a hotbed of comedy writing talent stars in the making, with Steve.

AIG also claims that Bank of America used false data to persuade the credit rating agencies to give the MBS high ratings.Bank of America, which contends that the disclosures that were made were robust enough for sophisticated investors and that AIG is a "seasoned investor," is denying AIG’s allegations against it.

A New York State Supreme Court judge continued hearing explosive allegations in an Article 77 hearing that will determine whether Bank of America’s (BAC) massive $8.5 billion mortgage-backed.

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BofA’s $8.5B Settlement Deal Opposed. Bank of America Corporation ‘s ( BAC) $8.5 billion mortgage settlement deal is facing opposition from New York’s attorney general ( AG ), Eric Schneiderman. According to the AG, the compensation that BofA is giving to the investors is inadequate compared to the losses incurred by them.

Those hoping for an imminent resolution to Bank of America’s (BAC-1.1%) $8.5B MBS settlement – or even for a complete record of the Article 77 hearing in order to handicap the outcome – will have.

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BofA’s $8.5B Mortgage Settlement Approved. February 3, 2014. The much awaited legal settlement for Bank of America Corporation (BAC) has finally been approved. New York state judge Barbara Kapnick approved the $8.5 billion settlement (announced in Jun 2011) of BofA with institutional investors over soared mortgages.

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