Mortgage Backed Securities Lawsuits Still Proliferate

By: Tuesday December 18, 2012 7:35 am

While we wait for more settlements in the Libor case, banks continue to face exposure for their fraudulent mortgage conduct dating back to the housing bubble. Two more major lawsuits emerged yesterday. DZ Bank, a cooperative from Germany, sued Bank of America over $546 million in mortgage backed securities. The same firm has sued Morgan [...]

Federal Agency NCUA Sues Banks Over Putbacks of Bad Mortgages

By: Monday June 20, 2011 11:39 am

Another day, another lawsuit for the big banks – in this case JPMorgan Chase and the Royal Bank of Scotland – over their mortgage and securitization practices. Only this one comes from the National Credit Union Administration, a federal agency. The National Credit Union Administration Board, or NCUA, accused the institutions of packaging and selling [...]