residential mortgage-backed securities News
Suit Alleging UBS Liable for $2B in Mortgage Bond Losses in Judge’s Hands
UBS AG urged a U.S. judge on Friday to reject claims that it should be held liable for $2 billion in losses that investors incurred on mortgage-backed securities issued before the collapse of the ...
California Slaps Morgan Stanley with Suit Over Mortgage Losses
The state of California sued Morgan Stanley on Friday, accusing the bank of hiding the risks of complex mortgage debt and other securities it sold, causing big losses for the state's public pension ...
JPMorgan Will Pay Ambac $995M to Settle Mortgage-Backed Securities Claims
Bond insurer Ambac Financial Group Inc said JPMorgan Chase & Co will pay $995 million to settle disputes related to residential mortgage-backed securities. The settlement will have a positive ...
FDIC Sues 3 U.S. Banks Over Shoddy Residential Mortgage-Backed Securities
The FDIC, a U.S. bank regulator, has sued three large U.S. banks to recoup some of the more than $695 million it lost from selling shoddy residential mortgage-backed securities once owned by a Texas ...
Goldman Sachs Risks Federal Lawsuit Over Mortgage-Backed Securities
Goldman Sachs Group Inc said it could face a federal civil lawsuit after a government probe concluded that the bank had violated laws related to sale of residential mortgage-backed securities before ...
AIG, Bank of America Settle Dust-Up Over Mortgage-Backed Securities
American International Group said it will get at least $650 million from Bank of America as part of a legal settlement involving toxic residential mortgage-backed securities. With the settlement, yet ...