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Tuesday, May 28, 2024 | Back issues
Courthouse News Service Courthouse News Service

Allstate Demands $700M|From Countrywide/BofA

MANHATTAN - Allstate Insurance demands $700 million from Countrywide Financial nka Bank of America, alleging "systematic" fraud in sale of mortgage-backed securities, in violation of Countrywide's own "theoretical underwriting standards," in a 403-page federal complaint.

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