NY Fed, Freddie Join Countrywide MBS Investors to Lean on BofA
October 22, 2010
Investors in scores of non-agency MBS issued by Countrywide Financial – including the Federal Reserve Bank of New York and Freddie Mac – filed a formal complaint with the trustee of the transactions alleging a wide range of problems with the master servicer of the deals. Countrywide, now owned by Bank of America, was...