Bank of America's (BAC) loan-servicing unit carried out problematic mortgage modifications after it bought Countrywide, court documents allege. The filings are part of a lawsuit by three Federal Home Loan Banks and an investment vehicle which argues BofA's proposed $8.5B deal to compensate investors who suffered losses because of Countrywide's mortgage abuses is not enough. The documents could raise new doubts about whether a judge will approve the deal.
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