Google+
  • Ocwen8.47+0.04 +0.47%
  • Zillow76.50-5.00 -6.13%
  • Trulia+0 +0%
  • NationStar19.34+0.79 +4.26%
  • CoreLogic39.22-0.22 -0.56%
  • RE/MAX38.04+0.22 +0.58%
  • Fannie Mae2.26-0.09 -3.83%
  • Freddie Mac2.17-0.08 -3.56%
  • Wells Fargo57.91+0.04 +0.07%
  • CitiMortgage58.44-0.02 -0.03%
  • Bank of America17.77-0.11 -0.62%
  • Fidelity National Financial39.68+0.59 +1.51%
  • First American40.98+0.40 +0.99%
  • AUDUSD=X0.7272-0.0005 -0.0694%
  • USDJPY=X123.9700-0.0300 -0.0242%
  • WP Stock Ticker
Home | Tag Archives: RMBS

Tag Archives: RMBS

Morgan Stanley Makes Bid to Have Two FHFA Suits Over RMBS Dismissed

gavel-four

*+-Attorneys for investment firm Morgan Stanley made a motion in the New York Supreme Court Tuesday to dismiss two lawsuits filed by the Federal Housing Finance Agency (FHFA) accusing the firm of failing to buy back $2.5 billion worth of faulty residential mortgage-backed securities, according to media reports. FHFA, which is suing on behalf of the RMBS pools' trustees, claims that Morgan Stanley committed a breach of contract by failing to buy back the poor performing loans, which were pooled into securities and sold to Freddie Mac in 2007.

Read More »

Judge Dismisses Most Claims Against Bank of America in RMBS Suit

gavel-four

*+-A federal judge in New Jersey dismissed most of a lawsuit filed by Prudential Financial Inc. against Bank of America which claimed the North Carolina-based megabank sold them more than $1.9 billion worth of toxic mortgage-backed securities in the run-up to the financial crisis, according to multiple media reports on Friday.

Read More »
Scroll To Top