NY Court Sides with Morgan Stanley in FHFA Lawsuit, BofA Agrees to Another Countrywide Settlement
May 13, 2016
A New York state court dismissed two mortgage repurchase actions filed by the government against Morgan Stanley, while Bank of America agreed to another settlement related to non-agency MBS issued by Countrywide Financial. Last month, Justice Marcy Friedman of the New York Supreme Court dismissed two residential MBS lawsuits filed by the Federal Housing Finance Agency against Morgan Stanley ABS Capital I Inc. and Morgan Stanley Mortgage Capital ...