CFPB: Data collection practices within the norm for regulators

CFPB: Data collection practices within the norm for regulators

Data collection essential for effective financial regs, spokesman tells HW

NMS Monitor: Is the 30-year mortgage the best product?

Challenges attendees at ABS East to “do something better"

Ginnie Mae launches 5 new initiatives to increase mortgage lending

HUD secretary warns American Dream remains out of reach
W S
Investments / The Ticker

Credit Suisse Group sued over $359 million in RMBS

gavel 3

Royal Park Investments SA/NV sued Credit Suisse Group AG (CS) in New York over $359 million worth of residential mortgage-back securities. Bloomberg describes the basics of the case:

“The offering documents further failed to disclose that, at the same time defendants were offering the certificates for sale to plaintiff, they were privately betting that similar certificates would soon default at significant rates,” Royal Park said in the suit. “Defendants used these offering documents to defraud plaintiff and its assignors into purchasing supposedly ‘investment grade’ certificates at falsely inflated prices.”

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus