GSE Lawsuit Against B Of A Over MBS To Proceed

27 Aug 2013

U.S. District Judge Jed Rakoff of Manhattan has rejected a bid by Bank of America to dismiss a lawsuit brought by the federal government over mortgage-backed securities the bank sold to Fannie Mae and Freddie Mac, citing “genuine factual disputes” that justify letting the case to proceed.

U.S. District Judge Jed Rakoff of Manhattan has rejected a bid by Bank of America to dismiss a lawsuit brought by the federal government over mortgage-backed securities the bank sold to Fannie Mae and Freddie Mac, citing “genuine factual disputes” that justify letting the case to proceed.

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