Countrywide Gets Homeowners' MBS Fraud Claim Tossed
By Dan Rivoli ( August 24, 2011, 10:17 PM EDT) -- A California appeals court on Wednesday tossed a claim brought by homeowners accusing Countrywide Financial Corp. of fraudulently concealing a scheme to sell mortgage-backed securities at inflated values that caused loan recipients' home values to drop when the real estate bubble burst....
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