MBS litigation 2.0: BofA sues trustee Wells Fargo over put-back demands

Alison Frankel, Reuters On Tuesday, Bank of America broke what I believe is new ground in mortgage-backed securities litigation. The bank brought a declaratory judgment suit against Wells Fargo, the trustee in a commercial MBS offering by BofA predecessor LaSalle Bank, requesting a judicial ruling that BofA is not required to comply with the trustee’s […]