BofA Fails to Shake FHFA’s MBS Suit

Bank of America is hosed…

Law360, New York (December 19, 2014, 3:27 PM ET) — A New York federal judge has shot down Bank of America Corp.’s latest bid to get rid of a Federal Housing Finance Agency suit over mortgage-backed securities, saying on Thursday that the fact that the sales transaction was hatched before a final prospectus was available is not a deal breaker.

Source: Law360

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