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David H Luther et al v. Countrywide Financial Corporation et al

  1. January 16, 2014

    FDIC Wants 9th Circ. To Block $500M Countrywide MBS Deal

    The Federal Deposit Insurance Corporation on Wednesday said it will appeal to the Ninth Circuit Bank of America Corp.'s $500 million settlement of class actions over Countrywide Financial Corp.'s underwriting standards for mortgage-backed securities.

  2. December 09, 2013

    Countrywide's $500M MBS Deal Gets Thumbs-Up

    A California federal judge gave final approval Friday to a $500 million settlement of three class actions challenging Bank of America Corp.-owned Countrywide Financial Corp.'s underwriting standards for mortgage-backed securities, including $85 million in fees to the plaintiffs' attorneys.

  3. October 28, 2013

    FDIC Objections To $500M Countrywide Settlement Overruled

    A California federal judge on Monday tentatively gave approval to Bank of America Corp. unit Countrywide's $500 million settlement of three class actions related to mortgage-backed securities, overruling the Federal Deposit Insurance Corp.'s objections that the deal was not fair to all class members.

  4. October 08, 2013

    FDIC Challenges BofA's $500M MBS Settlement

    The Federal Deposit Insurance Corp. told a California federal court Monday that Bank of America Corp.'s $500 million settlement in a suit over its underwriting standards for mortgage-backed securities should be thrown out because the proposed class representatives have a conflict of interest.

  5. August 01, 2013

    $500M Countrywide MBS Deal Gets Preliminary Nod

    A California federal judge said Thursday she will preliminarily approve a $500 million settlement of three putative class actions challenging Bank of America Corp.-owned Countrywide Financial Corp.'s underwriting standards for mortgage-backed securities, noting new details allayed her concerns about how the settlement will be divided.

  6. July 10, 2013

    Allocation Plan Needed In $500M Countrywide MBS Deal

    A California federal judge Wednesday refused to give preliminary approval to a $500 million settlement of three putative class actions challenging Countrywide Financial Corp.'s underwriting standards for mortgage-backed securities, saying she needed more information on how the settlement would be divided among investors.

  7. July 08, 2013

    Attys Seek $85M From $500M Countrywide MBS Class Deal

    Attorneys representing plaintiffs in three California class actions launched by purchasers of mortgage-backed securities issued by Countrywide Financial Corp. told a California federal judge Monday that they would seek $85 million in attorneys' fees from a $500 million deal, the biggest settlement of MBS class claims to date.

  8. April 17, 2013

    BofA Reaches $500M Deal In Countrywide MBS Class Action

    Bank of America Corp. on Wednesday announced the $500 million settlement of three California class actions launched by purchasers of mortgage-backed securities issued by Countrywide Financial Corp., the largest settlement of MBS class claims to date.

  9. March 13, 2013

    $272M MBS Suit Can't Tie Countrywide To Sales, Judge Hears

    Countrywide Financial Corp. urged a California federal judge Wednesday to throw out a proposed class action alleging the company misled buyers of $272 million in mortgage-backed securities, arguing that pensions and individual investors lack standing because they can't prove they bought the ill-fated securities from Countrywide.

  10. August 24, 2012

    Countrywide Fights To Keep MBS Class Action In Federal Court

    Countrywide Financial Corp. on Friday urged a California judge to keep in federal court a proposed class action alleging the company misled buyers of ill-fated mortgage-backed securities, arguing the complaint is tied to the recent bankruptcies of loan originators Residential Funding Company LLC and GMAC Mortgage LLC.

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