MBIA to Drop Mortgage Suit Against Bank of America

NEW YORK — MBIA Inc. agreed to drop a lawsuit against Bank of America Corp. and Merrill Lynch over $5.7 billion in credit default protection the bond insurer underwrote for the banks mortgage-backed securities.The parties, according to a filing in New York state court, are

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This entry was posted on Friday, July 8th, 2011 at 3:36 pm and is filed under Business Loan. You can leave a response, or trackback from your own site.

One Response to “MBIA to Drop Mortgage Suit Against Bank of America”

  1. Valjean Says:

    If not for your writing this topic could be very coonvltued and oblique.

 

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