NEW YORK * Ambac Assurance Corp. has sued Bank of America Corp. in an effort to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank’s Countrywide Home Loans unit.

Impac Mortgage Holdings to sell AmeriHome Mortgage Corp. The decline came after Impac Mortgage Holdings Inc. (IMH.N. Even lenders with minimal subprime exposure, such as american home mortgage investment corp. AHM.N, are selling off. “They’re getting.

Bank of America. to dismiss a lawsuit filed by Ambac Assurance Corp. in New york state court, alleging $600 million in damages for fraudulent inducement in connection with payments it made under.

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Bank of America is getting sued again after its giant $16.65 billion settlement back in August. This time Ambac Assurance is coming after the bank. ambac sues bofa over faulty mortgage bonds.

Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from.

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Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank’s Countrywide Home Loans unit. In a complaint filed on Tuesday in a New York state court in Manhattan, Ambac accused.

Ambac sues Bank of America over Countrywide mortgage bonds. He will replace Diana Adams, who is resigning "by mutual agreement" with the board after 3-1/2 years as CEO, Ambac said. The case is Ambac Assurance Corp et al v. Countrywide Home Loans Inc et al, New York State Supreme Court, New York County, No. 653979/2014.

BofA to settle shareholders claims over Merrill Lynch for .43 billion ambac sues JPMorgan over $200 million in RMBS claims Kerri Ann Panchuk was the Online Editor of HousingWire.com, and regular.

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.

Bond guarantor Ambac has been in legal dispute with Bank of America for years and years over faulty mortgages. A New York judge recently.

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The developments come as the Justice Department is preparing a similar lawsuit against Bank of America’s (BAC.N) merrill lynch unit, after discussions over a $12 billion to. of a larger task force.

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