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That was quick. On Wednesday, Bank of America and its counsel at Hunton & Williams sued Colonial Bank for $1 billion in mortgage loans that the beleaguered Alabama lender was holding in trust for a BofA subsidiary. On Thursday, Miami federal district court judge Adalberto Jordan granted BofA's motion for a temporary restraining order to keep Colonial from selling or otherwise disposing of 6,000 disputed mortgages.
August 14, 2009 at 12:00 AM
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