Tag Archive

Banks beware: Time is ripe for MBS breach-of-contract suits

Published on September 21, 2011 By admin

The following article is brought to you by Alison Frankel’s “On The Case”, at ThomsonReuters.Com Over the last couple of months Bank of America has taken a stock market and regulatory beating so brutal that it’s reportedly considering the previously unthinkable option of putting Countrywide into Chapter 11. BofA’s mortgage-backed securities exposure seems to have […]

Legal Battle Over Mortgage Sales

Published on September 6, 2011 By admin

The following is brought to you by Philip van Doorn at NuWireInvestor.Com. The U.S. is suing 17 banks, including JPMorgan Chase, Bank of America, Barclays, Citigroup and Goldman Sachs, alleging that securities laws were violated in the sale of mortgage-backed securities to federal agencies such as Freddie Mac and Fannie Mae. The government is seeking […]