Information about borrowers, like employment and income levels, that Countrywide (now owned by Bank of America) wants sealed during the well-known MBIA v. Countrywide
case are likely to become a matter of court record, according to a new
filing from Judge Eileen Bransten with the Supreme Court of the State of
New York.
The judge's response, which is mostly in favor of MBIA's push to reveal certain information, stems from an MBIA ($8.41 0%) case in which the bond insurer is suing Countrywide for allegedly making erroneous representations about mortgages backing bonds guaranteed by MBIA.
Read more: http://www.housingwire.com/news/countrywides-motion-seal-certain-borrower-info-court-denied
The judge's response, which is mostly in favor of MBIA's push to reveal certain information, stems from an MBIA ($8.41 0%) case in which the bond insurer is suing Countrywide for allegedly making erroneous representations about mortgages backing bonds guaranteed by MBIA.
Read more: http://www.housingwire.com/news/countrywides-motion-seal-certain-borrower-info-court-denied
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