"Allstate Corp. has filed a federal lawsuit against Bank of America Corp. over more than $700 million in losses from mortgage-backed securities (MBS) it bought from Countrywide Financial Corp., which the bank purchased in 2008. Allstate is also suing 18 other defendants, including Angelo Mozilo, the former Countrywide CEO."
Wednesday, December 29, 2010
Mortgage Orb: Content / Residential Mortgage / Allstate Sues Bank Of America Over $700M In MBS Losses
Mortgage Orb: Content / Residential Mortgage / Allstate Sues Bank Of America Over $700M In MBS Losses:
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