Bank of America / Merrill Lynch Initiative

Bank of America / Merrill Lynch Initiative

Though statues of limitation have generally run for all claims emanating from the 2005-2007 private-label RMBS market, investors in certain instances have nevertheless been able to obtain recoveries from Bank of America and its predecessors, including Countrywide and Merrill Lynch, through the settlement of outstanding repurchase liability for trusts where tolling agreements are in place.

Specifically, Talcott Franklin P.C. has had success settling trusts that contain Countrywide mortgage collateral but were not sponsored by Countrywide. These “Countrywide loans in non-Countrywide trusts” were not subject to previous settlements entered into by Countrywide.

Examples of successful settlements include:

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