US Bank Ends $3.5B RMBS Trusts Suits Against BofA, Others

By Gina Kim (March 22, 2024, 10:03 PM EDT) -- U.S. Bank on Friday notified a New York federal judge it permanently discontinued two lawsuits against First Franklin Financial, Merrill Lynch Mortgage and Bank of America relating to substandard loans in residential mortgage-backed securities trusts worth $3.5 billion, two years after the parties reached a conditional settlement....

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