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Real Estate & Property Law

: The Home Equity Theft Reporter

Countrywide Attorney: MBS Fund Lacks Standing To Sue Lender

By r morris

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Reuters reports: A fund representing bond investors seeking to force Bank of America-owned Countrywide Financial to repurchase thousands of mortgages failed to satisfy requirements to sue under contracts governing the securities, according to Countrywide attorneys.John Beisner, a laywer at O'Melveny & Myers LLP, in a Dec. 8 letter asserted Greenwich Financial Services "lacks standing to sue"

Full post as published by The Home Equity Theft Reporter on December 09, 2008 (boomark / email).

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