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...A lawyer by training, he threw himself into the bank’s mortgage problems, cleaning up the mess of subprime home loans that helped spark the global financial crisis....
...Losses incurred by what is the second-biggest US bank by assets from its acquisition of the mortgage originator run into the tens of billions of dollars – making the deal one of the worst mergers in history...
...The bondholders wrote a letter to Bank of America and Bank of New York Mellon Corp., the debt’s trustee, citing alleged failures by Countrywide to service the loans properly, their lawyer said yesterday...
...Countrywide Home Loans Servicing LP, et al is ostensibly brought on behalf of a class of purchasers of certain mortgage pass-through certificates for which CWALT, Inc. and various issuing trusts filed registration...
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