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In Re Countrywide Financial Corp Mortgage-Backed Securities Litigation
Case Number:
2:11-ml-02265
Court:
Nature of Suit:
Judge:
Firms
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August 29, 2014
BofA Works Out $447M Countrywide MBS Row With Insurer
Bank of America Corp.'s mortgage lending unit reached a deal Thursday to end a lawsuit over an insurer's $447 million purchase of mortgage-backed securities from Countrywide Financial Corp., according to filings in California federal court.
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August 11, 2014
MBS Investor Wants Claims Revived In $1.6B BofA Suit
In multidistrict litigation over mortgage-backed securities sold by Bank of America Corp., Royal Park Investments SA/NV asked a California federal court Friday to revive its claims against the bank over $1.6 billion in the allegedly toxic MBS, saying material facts were ignored when a judge dismissed the suit.
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September 06, 2013
UBS Exits Battle Over Fannie, Freddie MBS Losses
UBS Securities Inc. settled a dispute with the Federal Housing Finance Agency on Friday, releasing it from multidistrict litigation over allegedly shoddy mortgage-backed securities it underwrote that were purchased by Fannie Mae and Freddie Mac.
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August 07, 2013
Prudential Can't Keep Countrywide MBS Claims Out Of MDL
The Prudential Life Insurance Co. on Tuesday lost its battle to keep a lawsuit targeting Countrywide Financial Corp. over low-quality mortgage-backed securities out of California multidistrict litigation, when the U.S. Judicial Panel on Multidistrict Litigation said the Prudential and MDL cases shared commonalities.
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June 11, 2013
BofA Says FDIC's $283M MBS Suit Is Time-Barred
Countrywide Securities Corp. and successor Bank of America Corp. urged a California federal judge Tuesday to toss the Federal Deposit Insurance Corp.'s $283 million lawsuit alleging they duped now-defunct Colonial Bank into buying doomed mortgage-backed securities, arguing its claims are time-barred under federal securities law.
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January 14, 2013
Judge Tosses $193M Countrywide MBS Fraud Suit
A California federal judge on Thursday dismissed a multidistrict litigation member case accusing several Bank of America Corp. units of misrepresenting nearly $193 million in mortgage-backed securities, ruling the mutual fund manager suing the bank had brought its claims too late.
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December 18, 2012
Fund's MBS Fraud Claims Time-Barred, Countrywide Says
The claims of a mutual fund group suing Countrywide Financial Corp. for misrepresenting the quality of mortgage-backed securities are time-barred because it knew of problems in the MBS market more than three years before filing suit in March, Countrywide told a California judge Tuesday, urging that the case be thrown out.
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November 26, 2012
Countrywide Dodges Securities Suit Over $62.6M RMBS Sale
A California federal judge on Wednesday tossed claims brought by the Federal Deposit Insurance Corp. as part of multidistrict litigation over residential mortgage-backed securities, dismissing as time-barred the FDIC's allegations that Countrywide Financial Corp. violated federal securities law by issuing faulty RMBS to a now-defunct bank for $62.6 million.
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August 20, 2012
Countrywide Can't Shake MassMutual's MBS Claims In MDL
A California federal judge refused to toss most claims against Countrywide Financial Corp. on Friday in a suit brought by Massachusetts Mutual Life Insurance as part of multidistrict litigation over allegedly faulty mortgage-backed securities certificates, while letting the lender's parent Bank of America Corp. off the hook.
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June 13, 2012
Countrywide Wants Judge To Boot Insurers' MBS Claims
Countrywide Financial Corp. asked a California federal judge Wednesday to dismiss allegations in multidistrict litigation that it misled two insurer investors by failing to properly transfer title to properties backing up hundreds of millions in toxic mortgage-backed securities.