E-Mail '$8.5 Billion BofA Settlement of Countrywide Trusts Raises Questions for Investors on Sidelines' To A Friend

Email a copy of '$8.5 Billion BofA Settlement of Countrywide Trusts Raises Questions for Investors on Sidelines' to a friend

* Required Field






Separate multiple entries with a comma. Maximum 5 entries.



Separate multiple entries with a comma. Maximum 5 entries.


E-Mail Image Verification

Loading ... Loading ...
  • http://www.foreclosureindustry.com/2011/07/how-does-the-bank-of-america-settlement-with-investors-impact-homeowners/ How Does the Bank of America Settlement with Investors Impact Homeowners? | Foreclosure Industry

    [...] Shakeout has an excellent analysis of the settlement here, but here are some eye opening [...]

  • http://livinglies.wordpress.com/2011/08/06/spectre-of-fraud-of-all-types-haunting-bofa-citi-chase-wells-et-al/ SPECTRE OF FRAUD OF ALL TYPES HAUNTING BOFA, CITI, CHASE, WELLS ET AL « Livinglies's Weblog

    [...] over the last few weeks that New York Attorney General Eric Schneiderman might get involved in the proposed Bank of America settlement over Countrywide bonds, few expected a response that might dynamite the entire deal.  But that’s exactly what [...]

  • http://4closurefraud.org/2011/08/07/new-york-ag-schneiderman-comes-out-swinging-at-bofa-bony/ New York AG Schneiderman Comes out Swinging at BofA, BoNY | Foreclosure Fraud – Fighting Foreclosure Fraud by Sharing the Knowledge

    [...] over the last few weeks that New York Attorney General Eric Schneiderman might get involved in the proposed Bank of America settlement over Countrywide bonds, few expected a response that might dynamite the entire deal.  But that’s exactly what [...]

  • http://timothymccandless.wordpress.com/2011/11/04/new-york-ag-schneiderman-comes-out-swinging-at-bofa-bony/ New York AG Schneiderman Comes out Swinging at BofA, BoNY « Timothymccandless's Weblog

    [...] over the last few weeks that New York Attorney General Eric Schneiderman might get involved in the proposed Bank of America settlement over Countrywide bonds, few expected a response that might dynamite the entire deal. But that’s exactly what [...]

  • http://www.foreclosureindustrynews.com/2011/07/01/how-does-the-bank-of-america-settlement-with-investors-impact-homeowners/ How Does the Bank of America Settlement with Investors Impact Homeowners? | Foreclosure News | Short Sale, Foreclosure Attorney & Pre Foreclosure Information

    [...] Shakeout has an excellent analysis of the settlement here, but here are some eye opening [...]

  • http://www.subprimeshakeout.com/2012/01/blackrock-attorney-to-face-stiffer-challenges-to-next-set-of-mbs-settlements.html BlackRock Attorney to Face Stiffer Challenges to Next Set of MBS Settlements | The Subprime Shakeout

    [...] indemnify BoNY from all liability stemming from its conduct as Trustee of Countrywide trusts) have drawn the ire of bondholders and New York Attorney General Eric Schneiderman, who sought leave to file a counterclaim under the [...]

  • http://www.subprimeshakeout.com/2012/02/breaking-bony-bofa-settlement-to-return-to-state-court-after-second-circuit-reverses-pauley.html BREAKING: BoNY-BofA Settlement to Return to State Court After Second Circuit Reverses Pauley | The Subprime Shakeout

    [...] the three-judge panel was uncomfortable with the idea of this case remaining in federal court.  Originally filed in state court under Article 77, the case had been removed by intervenor Walnut Place to federal court, as the [...]

  • http://www.opiso.com/2012/03/08/investors-getting-wise-to-conflict-of-interest-with-banks-and-servicers-2/ OPISO » Investors Getting Wise to Conflict of Interest With Banks and Servicers

    [...] indemnify BoNY from all liability stemming from its conduct as Trustee of Countrywide trusts) have drawn the ire of bondholders and New York Attorney General Eric Schneiderman, who sought leave to file a counterclaim under the [...]

  • http://www.subprimeshakeout.com/2012/03/mbs-discovery-battles-heating-up-impacting-litigation-timelines-and-leverage.html MBS Discovery Battles Heating Up, Impacting Litigation Timelines and Leverage | The Subprime Shakeout

    [...] case, the proposed Bank of New York settlement in New York Supreme Court, is in the very earliest stages of this trench warfare, as the parties [...]

  • http://www.subprimeshakeout.com/2012/04/new-york-judge-strikes-blow-to-investor-putback-claims.html New York Judge Strikes Blow to Investor Putback Claims | The Subprime Shakeout

    [...] to act, as it requested more time to evaluate Walnut Place’s demands and eventually did act, by filing its $8.5 billion Article 77 action in state court.  While some commentators have questioned whether Judge Kapnick was unreasonably expanding the [...]

  • http://www.subprimeshakeout.com/2012/06/the-top-5-rmbs-cases-syncora-v-emc.html The Top 5 RMBS Cases to Watch this Summer: No. 5 – Syncora v. EMC | The Subprime Shakeout

    [...] and RMBS investors.  It would also undermine the assumptions made by Bank of New York Mellon in settling Countrywide put-back claims for pennies on the dollar (tune in later this week to see if BNYM’s Article 77 proceeding makes the Top 5 [...]

  • http://www.subprimeshakeout.com/2012/06/the-top-5-rmbs-cases-to-watch-no-2-in-re-bnym.html The Top 5 RMBS Cases to Watch this Summer: No. 2 – In re the Application of Bank of New York Mellon | The Subprime Shakeout

    [...] reserves).  It also allows BNYM, BofA and the Kathy Patrick-led institutional investors to justify settling Countrywide bonds with over $200 billion of losses to date for a mere $8.5 billion by appealing to untested legal [...]

  • http://www.ritholtz.com/blog/2012/06/the-top-5-rmbs-cases-to-watch-this-summer/ The Top 5 RMBS Cases to Watch this Summer | The Big Picture

    [...] and RMBS investors.  It would also undermine the assumptions made by Bank of New York Mellon in settling Countrywide put-back claims for pennies on the dollar (tune in later this week to see if BNYM’s Article 77 proceeding makes the Top 5 [...]

  • http://www.ritholtz.com/blog/2012/06/top-5-rmbs-cases-to-watch-no-2/ Top 5 RMBS Cases to Watch: No. 2 | The Big Picture

    [...] reserves).  It also allows BNYM, BofA and the Kathy Patrick-led institutional investors to justify settling Countrywide bonds with over $200 billion of losses to date for a mere $8.5 billion by appealing to untested legal [...]

  • http://mortgagefraudvictims.org/2011/08/gotta-love-ag-schneiderman/ GOTTA LOVE AG SCHNEIDERMAN!! » Mortgage Fraud Victims

    [...] the last few weeks that New York Attorney General Eric Schneiderman might get involved in the proposed Bank of America settlement over Countrywide bonds, few expected a response that might dynamite the entire deal.  But that’s exactly what [...]

  • http://idealblog.net/2011/08/gotta-love-ag-schneiderman.html GOTTA LOVE AG SCHNEIDERMAN!! |

    [...] the last few weeks that New York Attorney General Eric Schneiderman might get involved in the proposed Bank of America settlement over Countrywide bonds, few expected a response that might dynamite the entire deal.  But that’s exactly what [...]

  • http://www.subprimeshakeout.com/2012/07/federal-judge-refuses-to-narrow-mortgage-putback-claims-paving-way-for-lender-repurchase-liability.html Federal Judge Refuses to Narrow Mortgage Putback Claims, Paving Way for Lender Repurchase Liability | The Subprime Shakeout

    [...] catastrophe defense,” while trustees like Bank of New York Mellon (BNYM) could justify minimal settlement values based on these defenses and the purported protections of the corporate veil.  But all of that is [...]