Tuesday, June 28, 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. http://www.housingwire.com/articles/37394-mortgage-bond-investors-finally-get-paid-85-billion-countrywide-settlement ❤️ #share #mortgage



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