FHFA Poised to Sue Investment Bankers that Sold B&C MBS to the GSEs

The Federal Housing Finance Agency is on the verge of filing a barrage of civil claims against investment banking firms that packaged nonprime loans into mortgage-backed securities while misrepresenting the quality of the underlying collateral, according to a new published report.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_424/fhfa-sue-investment-bankers-mbs-gses-1026395-1.html?CMP=OTC-RSS

Leave a Reply

WP2FB Auto Publish Powered By : XYZScripts.com
Bunk Beds