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BofA Aims To Nix $600M Ambac Row Over Countrywide MBS

By Stewart Bishop (November 16, 2015, 8:32 PM EST) -- Attorneys for a Bank of America Corp. unit on Monday asked a New York judge to throw out a $600 million lawsuit brought by bond insurer Ambac Assurance Corp. over allegedly faulty mortgage debt originated by Countrywide Home Loans Inc. and affiliates, saying the lenders never had any obligation to Ambac....

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