The Census Bureau is cooking up new home sales numbers

The Census Bureau is cooking up new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race

Higher fees proposed for FHA mortgages

MBA: This is far in excess of what the FHA needs
W S
Investments / The Ticker

German bank files $160 million MBS suit too late

watch and money
/ Print / Reprints /
| Share More
/ Text Size+

According to Law360, Germany's fourth-largest bank, DZ Bank, was a little too late under that country's statute of limitations to sue UBS AG (UBS) over $160 million worth of mortgage-backed securities it bought.

Mary Kay Vyskocil of Simpson Thacher & Bartlett LLP, who represents UBS, told Judge Marcy Friedman that under New York's borrowing statute, the statute of limitations where the party's economic injury is felt determines which jurisdiction's statute of limitations applies to the case.

Source: Law360
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus