BofA Heading to Possible Victory Over U.S. in Mortgage Case

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BofA Heading to Possible Victory Over U.S. in Mortgage Case

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Schiff Hardin partner Jay Williams discusses the applicability of FIRREA in this Bank of America case and similar cases in this article. Mr. Williams said that while the ruling (if upheld) is potentially very significant to the parties in this particular case, it is really only a minor setback in the government’s overall strategy to use FIRREA in these types of lawsuits. He said the ruling does little or nothing to challenge the fundamental applicability of FIRREA under these kinds of circumstances.