Items Tagged with 'MBS'


DOJ sues Barclays over faulty RMBS claims

Lawsuit dates back to the financial crisis
The ripples from the financial crisis are far from over. Barclays is now the newest bank to get thrown into the spotlight due to a lawsuit filed on Thursday by the U.S. Department of Justice over faulty mortgage-backed securities during the crisis.
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Freddie Mac purchasing largest single-property loan

Financing $878M loan for Park La Brea complex in Los Angeles
Shortly after Fannie Mae announced it was entering new territory with a loan portfolio sale, Freddie Mac said Thursday that it has struck a deal to buy its largest single-property loan ever with the $878 million note. Here's how they broke new ground.
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Supreme Court revives ING mortgage bond lawsuit

Investor class action claims hidden risks in 2007 MBS offering
As it turns out, ING's risk exposure in the United States isn't yet finished. The Supreme Court of the United States revived a class action case accusing ING Groep NV of illegally hiding the risks of mortgage-backed securities.
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