Finally: $8.5B Countrywide Mortgage Bond Settlement Gets Green Light

HousingWire, May 13, 2016–Lane, Ben

Ending a legal quagmire that stretched back to 2011, investors are finally set to receive their money from an $8.5 billion settlement involving Bank of America, mortgages originated by its Countrywide unit, and the Bank of New York Mellon, which acted as the trustee for the mortgage bond investors.