maybe its time to write down that putback receivable....http://finance.yahoo.com/news/bofa-wins-dismissal-lawsuit-194328626.html
NOTHING to do with MBIA. This is a very small victory for BAC, but no effect whatsoever on MBIA litigation which is expected to double MBIA shareprice.
BAC will be forking over 4.5 billion and the lawyers all know it. When is the question.
MBIA case is so much DIFFERENT
You are right! But... once this is settle it will free of BoA to continue with settling with everyone else.
no impact on MBIA. the difference is that countrywide gave a Rep& Warranty to MBI in exchange for insuring the paper.