BOA Settlement
Posted by kevin on July 9, 2011 under Foreclosure Blog | 
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About a week ago, financial news services reported that BAC, the BOA sub that bought out servicing rights on Countrywide loans, was entering into a $8B settlement of claims of investors for violations of the representations and warranties sections of various trust agreements. At first blush, that looks good. A trustee, picked by the syndicate that securitized the trust, is doing the right thing and fighting for the rights of the investor group.
