A legal expert discusses why this is good news for mortgage servicers and how it provides a “clear, bright path” forward for cases that may have been snared by potential statute of limitations concerns.
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BOA Compelled to Surrender Countrywide Communications
An insurer claimed in a lawsuit that Countrywide had purposely misrepresented its mortgage-backed securities prior to Bank of America's acquisition of Countrywide in 2008.
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