Investors are gathering to launch two salvos at Altisource Residential in the form of class action lawsuits that allege the beleaguered Ocwen affiliate failed to disclose the kinds of risks and losses it to which it was exposing shareholders.

A federal claims judge has ruled against the federal government, saying that a lawsuit brought by investors over the treatment of Fannie Mae and Freddie Mac can proceed. Here's the latest.

The judicial dismissal of a lawsuit brought in District Court by Perry Capital and Fairholme Funds is definitely a setback, but the shareholders fighting against the federal government’s sweep of profits from the GSEs say they are down, but not out by a long shot.