U.S. Bank National Association v. First Franklin Financial Corporation et al

1:19-cv-04890

March 22, 2024
US Bank Ends $3.5B RMBS Trusts Suits Against BofA, Others

U.S. Bank on Friday notified a New York federal judge it permanently discontinued two lawsuits against First Franklin Financial, Merrill Lynch Mortgage and Bank of America relating to substandard loans in residential mortgage-backed securities trusts worth $3.5 billion, two years after the parties reached a conditional settlement.
January 10, 2020
US Bank Fights BofA's Bid To Ax $3.5B RMBS Trusts Suits

U.S. Bank is asking a New York federal judge not to let Bank of America escape secondary-liability claims related to substandard loans in a pair of residential mortgage-backed securities trusts valued at $1.6 billion and $1.9 billion.
November 18, 2019
BofA Fires Back At US Bank's $1.6B RMBS Trust Suit

Bank of America asked a New York federal judge on Friday to dismiss what it called a "garden-variety contract dispute" brought by U.S. Bank over substandard loans in a $1.6 billion residential mortgage-backed securities trust.