B of A Must Face SEC, DOJ Suits Over MBS Fraud

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B of A Must Face SEC, DOJ Suits Over MBS Fraud National Mortgage News Fri, June 20, 2014 12:00:00 AM CDT Bank of America Corp. failed to win dismissal of two government lawsuits in which it's accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities. ... lender. The SEC claims the lender's actions amounted to securities fraud, while the Justice Department alleges a violation of a rarely used law dating to the savings-and-loan crisis of the 1980s ... Republish

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