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Loan Modification

: Loan Modification & Home Loan News

Bank of New York Won?t Probe Countrywide Mortgage-Bond Deals

By Moe Bedard

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Bank of New York Mellon Corp. will ignore a demand from a law firm representing mortgage-bond investors that it investigate whether loans backing $26 billion of Countrywide Financial Corp. securities should be repurchased, a spokesman said. As trustee for the home-loan securities, ?we?re prepared to act on proper instructions received from investors,? Kevin Heine, the [...]

Full post as published by Loan Modification & Home Loan News on September 15, 2010 (boomark / email).

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