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Real Estate & Property Law

: The Home Equity Theft Reporter

Countrywide, BofA Targeted Again By Investors In Lawsuit For Allegedly Peddling Crappy Mortgage Backed Securities

By r morris

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A number of insurance companies and retirement funds have recently filed suit against Countrywide Financial Corporation, Bank of America, and some of their officers and affiliates alleging that, between 2005 and 2007, the latter unloaded hundreds of millions of dollars in crappy Countrywide mortgage-backed securities in 148 Offerings.The plaintiffs summary of their legal action begins with this

Full post as published by The Home Equity Theft Reporter on January 26, 2011 (boomark / email).

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