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Home » Store » Originations » BofA Hit with Non-Agency Jumbo MBS Lawsuits

BofA Hit with Non-Agency Jumbo MBS Lawsuits

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One of the last non-agency jumbo mortgage-backed securities issued before the securitization market effectively closed in 2008 is the subject of similar lawsuits by the Department of Justice and the Securities and Exchange Commission. Bank of America issued the $855.7 million security in January 2008, as well as originated and serviced the loans included in the MBS. The regulators cite internal reports from BofA as well as email communications among employees to allege that BofA provided inadequate ...
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