HOUSTON, March 31, 2011–Counsel for BAC Home Loans Servicing, LP and Gibbs & Bruns LLP on behalf of certain investors including those who signed the previously-reported October 18, 2010 letter with respect to private label residential mortgage-backed securitizations, as well as counsel for The Bank of New York Mellon, as trustee, have agreed to renew their extension of any time periods commenced by the October 18 letter. The agreement covers all of the securitizations listed on the attached Exhibit A. The claims and defenses of all parties are preserved.
Click here for list of trusts covered by the forbearance agreement.
Gibbs & Bruns LLP