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Home » Store » Non-Agency MBS » BofA’s Non-Agency MBS Settlement Drags On

BofA’s Non-Agency MBS Settlement Drags On

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Non-Agency MBS

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The withdrawal of one of the biggest opponents to Bank of America’s pending $8.5 billion settlement with non-agency mortgage-backed security investors will not necessarily speed approval of the deal, according to industry analysts. Last month, the hedge fund Baupost (known as Walnut Place in the lawsuit) dropped its objections to the settlement and moved to sell some its holdings on Countrywide Financial non-agency MBS. A number of other entities continue to oppose the settlement, including AIG and ...
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