Skip to content
  • Sign In
  • Create Account
  • Sign Out
  • My Account
Cart
  • Inside Mortgage Finance
  • MBS & ABS
  • The GSEs
  • The CFPB
  • Mortgage Trends
  • FHA/VA Lending
  • Nonconforming Markets
  • Data
    • Subscribe to Data
Home » News » NY Appeals Court Upholds Judge’s Dismissal of Walnut Place’s Lawsuit to Upset $8.5 Billion BofA MBS Deal
Looking to read the full article? Register for free access to IMFnews content today!

NY Appeals Court Upholds Judge’s Dismissal of Walnut Place’s Lawsuit to Upset $8.5 Billion BofA MBS Deal

July 6, 2012
A New York state appeals court last week upheld a lower court ruling which dismissed an investor group’s attempt to overturn Bank of America’s proposed $8.5 billion MBS settlement. The five-judge panel of New York’s First Department Appellate Division affirmed Judge Barbara Kapnick’s March 28 decision to dismiss the complaint brought by Walnut Place LLC and related entities. Walnut Place, which represents investors that bought about $1.4 billion of Countrywide non-agency MBS, filed suit in February 2011 claiming Countrywide made false representations on nearly 66 percent of the 2,166 mortgage...
News Inside MBS & ABS Inside the CFPB Agency MBS Investors Enforcement
Purchase this article for $50.00
Subscribe To The Newsletter

Latest Imf News

  • Agency MBS Issuance Declines in 3Q With Drop in Refis

  • Equifax Extends $1 Price for VS4 Through End of 2028

  • Agency MBS Investors See Opportunities After 3Q Losses

  • Pennymac, New American Funding Invest in Vesta

More Imf News

Featured Data

  • ARM Production Rebounds

  • Originations of Home Equity Loans Rise 20% in 2Q

  • Origination Share Up for Nonbanks, Large Lenders in 2026

  • GSE MBS Issuance Increases in August

More Featured Data

Featured Reports

  • Top Mortgage Players: 2Q26 (PDF)

  • Mortgage Profitability Report 2Q26 (PDF)

  • IMF Mortgage Directory: Full interactive database

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results
  • About
    • About Inside Mortgage Finance
    • Contact Us
    • Advertising
    • Privacy Policy/Terms
    • Article Reprints/Web Postings
    • Copyright FAQ
  • Customer Center
    • Subscribe
    • Request a Sample
    • Account Inquiries
    • Change of Address
    • Change of Delivery Method
    • Data Licensing
    • Password Reminder
    • Group Subscriptions
    • Refunds
    • Renew Your Subscription
    • E-mail Newsletters
  • Mortgage Data
    • Origination
    • Servicing and Portfolios
    • Mortgage Insurance
    • Securitization
    • Agency MBS Activity
    • Non-Agency MBS Activity
    • MBS Investor Activity
    • ABS Activity
    • Commercial MBS Activity
    • Funding Activity
    • Earnings and Financials
    • Regulatory Data
    • Mortgage Rates and Terms
    • Subscribe to Data
    • Lender Profiles
    • HMDA Dashboard
    • Contacts Directory
    • Custom Data
    • Data Licensing
  • Reports
    • Data Reports
    • Industry Studies
    • Regulatory Reports
    • Statistical Annual
    • Free Reports

© Copyright 2026 Inside Mortgage Finance Publications
Design, CMS, Hosting & Web Development :: ePublishing