Wednesday, June 29, 2016

Mortgage bond investors finally get paid $8.5 billion Countrywide settlement

Last month, mortgage bond investors moved one step closer to ending their five-year wait for their money from an $8.5 billion settlement involving Bank of America, mortgages originated by its Countrywide unit, and the Bank of New York Mellon. At the time, a report suggested that the aggrieved bondholders would receive their money in June, and according to a new report from Fitch Ratings, that’s exactly what happened.

from Byrd Mix via byrd memphis developer

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