March 22, 2024
U.S. Bank on Friday notified a New York federal judge it permanently discontinued two lawsuits against First Franklin Financial, Merrill Lynch Mortgage and Bank of America relating to substandard loans in residential mortgage-backed securities trusts worth $3.5 billion, two years after the parties reached a conditional settlement.
January 10, 2020
U.S. Bank is asking a New York federal judge not to let Bank of America escape secondary-liability claims related to substandard loans in a pair of residential mortgage-backed securities trusts valued at $1.6 billion and $1.9 billion.
November 18, 2019
Bank of America asked a New York federal judge on Friday to dismiss what it called a "garden-variety contract dispute" brought by U.S. Bank over substandard loans in a $1.6 billion residential mortgage-backed securities trust.