All material subject to strictly enforced copyright laws. © 2021 Euromoney Institutional Investor PLC group

GSE Lawsuit Against B Of A Over MBS 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.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Take a Free Trial or Login
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree