New York investors Real Estate Blog; December, 2008 Archive

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New York investors Real Estate Blog; December, 2008 Archive

Investor files lawsuit against Bank of America on loan restructuring, says it violates contractual agreements

12/31/08 14:31

And so the war on loan restructuring has already commenced. One investor, William Frey, an investor in mortgage-backed securities, filed a lawsuit against the Bank of America for its alleged breaking of contractucal agreements and hurting the financial system. He even plans to elevate the lawsuit into a class suit.
Read more: Investor files lawsuit against Bank of America on loan restructuring, says it violates contractual agreements [click]

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