``Six federal home loan banks moved to join a case in which a New York judge will rule on an $8.5 billion settlement by Bank of America Corp. (BAC) with Bank of New York Mellon Corp. (BK) over mortgage-securitization trusts... The home loan banks said in their filing yesterday that Countrywide and Bank of America face liabilities to repurchase defective loans that are far greater than the amount of the proposed settlement. ''

Comments: Be the first to add a comment

add a comment | go to forum thread