Investors Sue to Force Repurchase of Modified Loans Out of Trusts
December 15, 2008
Investors have petitioned the New York Supreme Court to certify class in a lawsuit filed early this month to compel Countrywide Financial Corp. to repurchase securitized mortgages it currently services before they are modified under a recent settlement agreement with state attorneys general. The lawsuit filed by Greenwich Financial Services Distressed Mortgage Fund 3 and...