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32613 More news...
   [b]U.S. sues 17 big banks over mortgages[/b] Sept. 2, 2011, 4:39 p....
oldCADuser   FFFT   03 Sep 2011
12:31 AM
32567 Re: U.S. Is Set to Sue Big Banks Over Mortgages
   clo, re: [b]"U.S. Is Set to Sue Big Banks Over Mortgages"[/b] Wo...
Decomposed   FFFT   02 Sep 2011
4:09 PM

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U.S. Is Set to Sue Big Banks Over Mortgages

By: clo in FFFT
Fri, 02 Sep 11 2:11 PM
Msg. 32564 of 65535
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An overview of OCU's post. clo

U.S. Is Set to Sue Big Banks Over Mortgages

The federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac
is set to file suits against more than a dozen big banks, accusing them of
misrepresenting the quality of mortgage securities they assembled and sold at
the height of the housing bubble, and seeking billions of dollars in
compensation.

The Federal Housing Finance Agency suits, which are expected to be filed in the
coming days in federal court, are aimed at Bank of America, JPMorgan Chase and
Deutsche Bank, among others, according to three individuals briefed on the
matter.


Read More:
http://www.nytimes.com/2011/09/02/business/us-is-set-to-sue-dozen-big-banks-over-mortgages.html?emc=na




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