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NY Court OKs $8B Payout From Countrywide Settlement

By Jody Godoy (May 12, 2016, 9:28 PM EDT) -- A New York state court judge said Thursday that she would sign an order releasing $8 billion in a mortgage-backed securities settlement between Bank of America Corp. and investors, but said that a decision regarding how to distribute the remaining $500 million will likely take until midsummer....

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