Judge: Borrowers Sued Bank Over Alleged Reinsurance Kickbacks Too Late

Mealey's (December 1, 2016, 10:39 AM EST) -- PITTSBURGH — A federal judge in Pennsylvania granted summary judgment to Bank of America on Nov. 22, holding that the statute of limitations had passed before a group of mortgage borrowers sued the bank for alleged mortgage insurance reinsurance kickbacks (William Weiss, et al. v. Bank of America Corporation, et al., No. 15-cv-00062, W.D. Pa.;  2016 U.S. Dist. LEXIS 161665)....