Who wins the Super Bowl…of real estate?

Who wins the Super Bowl…of real estate?

Redfin deflates Patriots' homeowners

Does the mortgage industry still need Appraisal Management Companies?

Not with Fannie Mae's Collateral Underwriter

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
W S
Lending / The Ticker

Wall Street lenders face lawsuits dealing with flawed mortgages

/ Print / Reprints /
| Share More
/ Text Size+

The biggest Wall Street banks have spent more than $93 billion dealing with the fallout from the housing bust, settling disputes with the U.S. government and homeowners. Now they must face the Germans.

HSH Nordbank AG, DZ Bank AG and Sealink Funding Ltd. are among firms that filed more than 30 lawsuits against Wall Street lenders in New York state court last year claiming they were sold flawed mortgage products. The litigation may contribute to about $25 billion in further costs for banks to resolve claims on bonds not backed by the government, Compass Point Research and Trading LLC estimates.

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus