Bank: Challenged Mortgage Loan, Force-Placed Insurance Actions Were Authorized

Mealey's (January 14, 2022, 12:38 PM EST) -- SACRAMENTO, Calif. — Arguing in part that an agreement gave it the right to take the challenged actions, Bank of America N.A. (BANA) on Jan. 12 moved in California federal court for dismissal of all claims against it in a putative class action that alleges unfair and deceptive practices connected to home mortgage loan servicing and that a reinsurance program does not serve a legitimate purpose....