Predatory Lending Legal Case

Summary

A lawsuit in the New York Supreme Court involved Bank of New York Mellons Trustee against Bank of America and Countrywide for predatory origination practices, resulting in an $8.5 billion settlement. The case affected 530 securitized trusts, including Kings, CWALT 2006-J7. Allegations have arisen that a debt buyer/debt collector is falsifying charged-off and distressed debts as secured claims to foreclose on homes deceitfully.

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please enhance and refine: (EX-*.* * dex992.htm SETTLEMENT AGREEMENT) Bank of New York Mellon’s Trustee’s lawsuit against Bank of America and Countrywide for predatory origination practices of Countrywide is noted in the New York Supreme Court Agreement, awarding $*.* billion. It listed * securitized trusts, including King's, CWALT *-J7, which were negatively affected. Now, the same debt buyer/debt collector is conspiring in a scheme to victimize the homeowner They bought charged-off and distressed debt, then falsified it as a secured claims in court to deceitfully foreclose on the home.
Sure, ****! Here's a refined version:
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In the New York Supreme Court, Bank of New York Mellon's Trustee filed a lawsuit against Bank of America and Countrywide over Countrywide's predatory origination practices. The settlement awarded $*.* billion, impacting * securitized trusts, including King's, CWALT *-J7. Currently, a debt buyer/debt collector, having acquired charged-off and distressed debt, is allegedly falsifying these debts as secured claims in court to deceitfully foreclose on homes.
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Does this capture the essence of your statement? Is there anything else you'd like to add or adjust?
AI; when was ex-*.* * dex992.htm settlement agreement finalized?
The settlement agreement referenced in EX-*.* * dex992.htm was finalized on June *, *. This agreement pertains to the $*.* billion settlement involving Bank of New York Mellon, Bank of America, and Countrywide.
Can you summarize the agreement?
Case Rating: *
Sure! Here is a concise summary of the settlement agreement:
- Parties Involved: Bank of New York Mellon, Bank of America, Countrywide
- Issue: Predatory origination practices by Countrywide
- Court: New York Supreme Court
- Settlement Amount: $*.* billion
- Impact: * securitized trusts, including CWALT *-J7, were affected
- Current Allegation: A debt buyer/debt collector is allegedly falsifying charged-off and distressed debts as secured claims to foreclose on homes
If you need more details or have another question, feel free to ask!
I thought the agreement was finalized sometime in *, can you confirm?
Case Rating: *
The settlement agreement referenced in EX-*.* * dex992.htm was indeed finalized on June *, *. However, if you're referring to any subsequent agreements or updates, I would need more specific information to confirm. Can you provide more details about the * agreement you mentioned?
* may have been when all the parties consented and agreed to comply without admitting any guilt.
Case Rating: *
Got it, ****! It sounds like you're dealing with complex mortgage and foreclosure issues. To provide the best guidance, could you clarify whether you are currently facing foreclosure or if this is a matter of understanding past agreements? This will help in providing more specific legal information.