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Loan Modification

: Loan Modification & Home Loan News

BofA Sues FDIC Over Mortgage Losses

By Moe Bedard

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Bank of America Corp. is suing the Federal Deposit Insurance Corp. over $1.75 billion in losses suffered by investors in a subsidiary of mortgage lender Taylor Bean & Whittaker, the latest legal fallout from one of the messiest collapses in the nation’s mortgage securitization meltdown. The suit concerns FDIC’s role as receiver for Alabama’s defunct [...]

Full post as published by Loan Modification & Home Loan News on October 20, 2010 (boomark / email).

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