Bank of America, Countrywide | JD Supra Law News

Federal Court Dismisses United States Action Against Countrywide In Part

by Orrick - Structured Finance Group on 5/15/2013

On May 8, Judge Jed Rakoff of the United States District Court for the Southern District of New York dismissed claims by the United States for damages and civil penalties under the False Claims Act against Countrywide and...more

Where There’s Smoke, There’s FIRREA

by Melissa J. Anderson, Lori Lynn Phillips, Frank Scaduto | Orrick - Securities Litigation and Regulatory... on 5/14/2013

Few can ignite a legal firestorm like U.S. District Judge Jed Rakoff of the Southern District of New York. Last week, in a mortgage fraud suit against Bank of America and Countrywide, Judge Rakoff refused to dismiss a novel...more

Federal Judge Dismisses FDIC’s Securities Fraud Claims Against Countrywide

by Orrick - Structured Finance Group on 4/18/2013

On April 8, U.S. District Judge Mariana R. Pfaelzer of the Central District of California dismissed the FDIC’s suit against Countrywide. FDIC, as the receiver for Colonial Bank, filed suit against Countrywide and Bank of...more

$193 Million RMBS Suit Against Countrywide Dismissed as Untimely

by Orrick - Structured Finance Group on 1/23/2013

On January 10, Judge Mariana R. Pfaelzer of the United States District Court for the Central District of California dismissed a $193 million suit brought by mutual fund Asset Management Fund against several Bank of America...more

Orrick's Financial Industry Week in Review - January 14, 2013

by Orrick, Herrington & Sutcliffe LLP on 1/18/2013

In This Issue: - Financial Industry Developments •CFPB Rules on Ability-to-Repay and Qualified Mortgages •Independent Foreclosure Review Settlement •CFPB Final Rules on High-Cost Mortgages •Rating Agency...more

Bank of America and Fannie Mae Reach $10 Billion Settlement Agreement

by Orrick - Structured Finance Group on 1/15/2013

Bank of America announced on January 7 that it would pay $3.6 billion to Federal National Mortgage Association (Fannie Mae) and repurchase for $6.75 billion certain residential mortgage loans sold to Fannie Mae....more

Federal Court Narrows FDIC Lawsuit Against Countrywide

by Orrick - Structured Finance Group on 1/14/2013

On January 3, Judge Mariana R. Pfaelzer of the Central District of California ruled on motions to dismiss filed by defendants Countrywide, Bank of America, and UBS in an action brought against them by the Federal Deposit...more

Mortgage Foreclosure Settlement

by Philip R. Stein | Bilzin Sumberg Mortgage Repurchase Group on 1/10/2013

We have long been skeptical of most loan “repurchase” or “indemnification” demands made by big banks against the third-party originators (i.e., correspondent lenders) who sold those loans to the big banks many years ago....more

Court Dismisses In Part RMBS Suit Against Countrywide, Dismissed In Entirety Against Bank of America

by Orrick - Structured Finance Group on 12/18/2012

On December 6, Judge Mariana Pfaelzer of the United States District Court for the Central District of California dismissed in part claims brought by several insurance companies, including Minnesota Life Insurance Company, in...more

Weekly Brief: BoA Sued; SCOTUS Shortlists; Fund Fights Argentina [Video]

by Bloomberg Law on 10/25/2012

Oct. 25 (Bloomberg Law) -- Bloomberg Law's Lee Pacchia runs through the week's most important legal news. Bank of America was sued by the federal government for over $1 billion in damages on claims that the bank defrauded...more

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Bank of America › Countrywide

Federal Court Dismisses United States Action Against Countrywide In Part

Where There’s Smoke, There’s FIRREA

Federal Judge Dismisses FDIC’s Securities Fraud Claims Against Countrywide

$193 Million RMBS Suit Against Countrywide Dismissed as Untimely

Orrick's Financial Industry Week in Review - January 14, 2013

Bank of America and Fannie Mae Reach $10 Billion Settlement Agreement

Federal Court Narrows FDIC Lawsuit Against Countrywide

Mortgage Foreclosure Settlement

Court Dismisses In Part RMBS Suit Against Countrywide, Dismissed In Entirety Against Bank of America

Weekly Brief: BoA Sued; SCOTUS Shortlists; Fund Fights Argentina [Video]

Weekly Brief: BoA Sued; SCOTUS Shortlists; Fund Fights Argentina [Video]

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