A federal judge recently approved an $11.25 million settlement for investors who purchased $5.26 billion of non-agency MBS issued by jumbo lender Thornburg Mortgage. The lawsuit alleged false and misleading disclosures by Thornburg.

The claims included “misrepresentations regarding the loan origination and underwriting standards used by the defendants and their affiliates; the validity of the property appraisals conducted in connection with the issuance of the loans and others.