Bank of America's (BAC +2%) proposed $8.5B settlement with investors in mortgage-backed...

|About: Bank of America Corporation (BAC)|By:, SA News Editor

Bank of America's (BAC +2%) proposed $8.5B settlement with investors in mortgage-backed securities should be returned to New York state court for review, a U.S. appeals court rules. The decision is a win for BofA, which seeks approval to settle claims by investors in 530 mortgage securitization trusts with $174B of unpaid principal.