Homeowner ‘securitization theory’ BofA claim dismissed

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By a California appellate court’s admission, California homeowner Thomas Glaski’s tale of his Bank of America foreclosure is "somewhat confusing and may contain contradictions," but he still has the right to challenge the claim of transfer of his mortgage into a residential mortgage-backed securitization.

 · We are 20 days into the monumental bench trial over Bank of America’s proposed $8.5 billion settlement of countrywide mbs claims, and with the proceedings now taking a break until September 9, we have a chance to sit back and evaluate what we’ve seen thus far.

Law360, Los Angeles (September 3, 2013, 9:27 PM EDT) — A New York federal judge dismissed a lawsuit accusing two former Bear Stearns Cos. hedge fund managers of deceiving Bank of America NA into.

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UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK. A claim is subject to dismissal under Rule 12(b)(6) if the plaintiff’s complaint does not. in Support of Bank of America’s Motion to Dismiss, dated September 15, 2014 ("Earley.

FORECLOSURE OFFENSE: THE NEW WAVE OF LAWSUITS AGAINST THE BANKS. Posted on October 29, 2012 by Jeff Barnes. October 29, 2012. FDN is now into its 5th year of representing homeowners across the United States challenging foreclosures by non-lenders, servicers, securitized trustees, and alleged.

AGs weeks from filing foreclosure settlement documents Updated: State and federal officials have announced a $26 billion foreclosure settlement with five of the nation’s largest banks that was reached after two holdout attorneys general supported.

Attorney General Eric Holder and Associate Attorney General Tony west announced today that the Department of Justice has reached a $16.65 billion settlement with Bank of America Corporation – the largest civil settlement with a single entity in American history – to resolve federal and state claims against Bank of America and its former and current subsidiaries, including Countrywide.

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Anatomy of a Securitized Mortgage and Foreclosure 1 Borrowing Trouble – Bank of America’s language even waives the right to invoke a California law that limits the scope of waiver clauses, “so that this release shall include all and any claims whatsoever of every nature.

So the flow of money was kind of Investor -> Bank -> Homeowner. a securitization trust. It’s unclear why "impairing the borrower’s ability to deal directly with the holder of the note" is a thing.

The $764.4 billion in total assets that Wells Fargo & Co. gained from Wachovia enabled Wells Fargo to elbow its way into the trillion-dollar bank club with JPMorgan Chase & Co., Bank of America Corp ..