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.
JW Showcase The JW Marriott Grosvenor House London is showing off some revamped. this space has floor-to-ceiling glass windows to showcase hyde park. Here guests can sip the hotel’s Afternoon Tea, served.New GSE appraisal database to tighten scrutiny on mortgage lenders Originators are advised to read the actual letter, since investors will probably follow it if they haven’t already, but "Until evidence of active flood insurance is obtained, a lender may deliver a.
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.
HUD homes add to inventory-starved market A buyer offers to pay a certain price for a home by a certain date. That’s because in a balanced real estate market, they’re unnecessary. But in Greater Boston’s inventory-starved seller’s market,
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.
New York foreclosure courts face seven-year backlog: RealtyTrac Freddie Mac economist sees sunny economy in second half 331 Responses to “The housing market is turning, and Millennials are unhappy about their home purchases – California has highest months of supply for homes going back to 2012.New York foreclosure backlog: 'A totally different world' – The New York foreclosure system reached a crisis point in late 2010. Banks were filing more foreclosure cases than the courts could resolve, creating a backlog in the state that could take more.