Countrywide RMBS Suits Consolidated

On August 15, 2011, the United States Judicial Panel on Multidistrict Litigation consolidated in the Central District of California eight actions pending against Countrywide Financial Corp. alleging that Countrywide misrepresented origination practices for, and the credit quality of, mortgage loans that it originated from 2004–2007 in connection with the sale of RMBS. Decision.