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US Bank Hits BofA With Buyback Suit Over $1.6B RMBS Trust

By Jon Hill (June 26, 2019, 9:29 PM EDT) -- U.S. Bank said in a New York federal court lawsuit filed Tuesday that a $1.6 billion residential mortgage-backed securities trust it oversees is teeming with defective loans that Bank of America is liable for and should be forced to shoulder the responsibility of cleaning up....

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