Countrywide Dodges Securities Suit Over $62.6M RMBS Sale
By Erin Coe ( November 26, 2012, 11:38 PM EST) -- 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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