Tag Archives: Federal Home Loan Bank of Boston

The Federal Home Loan Bank of Boston has filed a complaint with the Massachusetts Superior Court to rescind investments it made in private-label mortgage-backed securities (MBS) issued by 115 securitization trusts totaling $5.8 billion. The suit alleges that the securities dealers, underwriters, issuers, and credit ratings agencies involved in the transactions made untrue or misleading statements regarding the quality of the underlying loans and the creditworthiness of the borrowers.

Last Tuesday's conference titled Through the Lens of Housing: New England Economic Recovery hosted by the Federal Home Loan Bank of Boston yielded some interesting answers from polled attendees. The attendees were asked questions to determine what they felt would help lead to an economic recovery in the New England area.