Freddie Mac Slams BofA's Doc Request In $2B MBS Fight

Law360, New York (May 8, 2013, 7:54 PM EDT) -- Freddie Mac on Wednesday blasted Bank of America for its “eleventh hour” bid to compel discovery in a New York federal court fight over more than $1.6 billion in mortgage-backed notes, saying the documents sought are largely irrelevant and should already be in the bank's possession.

According to Freddie Mac, BofA was significantly involved with Ocala Funding LLC and had “unparalleled insight” into its operations, making the bank's motion to compel discovery of basic information some 20 months after serving its original subpoena unnecessary and excessive,...
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