Release of Claims Against United States Covered Claims Against Ginnie Mae; CBCA 5571, Bank of America, National Association v. Department of Housing and Urban Development

The Civilian Board of Contract Appeals granted the government’s motion for summary relief on one count of the bank’s appeal, finding that the bank released the government from the breach claim in a settlement of federal and state investigations into the bank’s liability related to the markets for mortgage-backed securities; the board dismissed the second count of unjust enrichment for lack of jurisdiction because the ground had not been presented to the contracting officer as a certified claim.