Bank of America Corp. told the plaintiffs' lawyers in an investor suit against it Monday that they have no standing to sue the company for modifying securitized home loans.

Greenwich Financial Services, a broker-dealer, filed the suit last week, claiming that B of A could not change mortgage terms without the permission of investors in securities backed by the loans. The lawsuit seeks class-action status. It stemmed from B of A's agreement in October with 15 states to modify 400,000 loans originated by Countrywide Financial Corp., which the Charlotte banking company bought in July.

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