BofA Rebukes American Home Over Sale Disclosures

Law360, New York (October 29, 2007, 12:00 AM EDT) -- Bank of America NA has chided bankrupt American Home Mortgage Holdings Inc. and its affiliates for disclosing the purchase price of two loans and allegedly giving potential buyers leverage in buying other loans.

The bank, as the mortgage lender's administrative agent, filed court papers on Friday asking a Delaware bankruptcy court to stop American Home from disclosing further details of its sale of mortgage loans from Broadhollow Funding LLC and Melville Funding LLC. Loans from the special-purpose entities, which were formed by American Home to acquire...
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