BofA, Countrywide Sued Over Loan Quality Statements
Dozens of investors that backed out of a $624 million settlement in 2010, including pension and private investment funds, accuse Countrywide, which BofA took over in 2008, of engaging in widespread deceptive lending practices that exposed the company and investors to risk.
The mortgage giant's public statements assuring investors that the loans behind its securities were...
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