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Tag Archives: mortgage-backed securities

Second Circuit — Mortgage-Backed Securities — Edge Act: AIG v. Bank of America

U.S. Court of Appeals for the Second Circuit Mortgage-Backed Securities — Edge Act Original Jurisdiction — Statute Interpretation AIG v. Bank of America 12-1640-cv Judges Leval, Pooler and Livingston Background: The plaintiffs and its various subsidiaries invested in residential mortgage-backed ...

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Second Circuit — Mortgage-backed Securities: NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co.

U.S. Court of Appeals for the Second Circuit Mortgage-backed Securities Standing — Out-of-Pocket Loss NECA-IBEW Health & Welfare Fund v. Goldman Sachs & Co. 11-2762-cv Judges B.D. Parker, Raggi and Lohier Background: The plaintiff appealed from the dismissal of its putative ...

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Justice targets mortgage-backed securities

WASHINGTON, D.C. — Federal and state law enforcement officials announced Friday they have launched a fraud-fighting unit, starting with 55 prosecutors and investigators, to root out wrongdoing in the market for residential mortgage-backed securities. Attorney General Eric Holder told a ...

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AG backs expanded mortgage probe

ALBANY — Attorney General Eric Schneiderman on Wednesday promised to keep investigating the collapse of mortgage-backed securities that contributed to the national economic downturn, praising President Barack Obama’s creation of a new investigative effort Schneiderman is expected to chair. “The ...

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AG: Bank of America settlement ‘unfair’

ALBANY — New York Attorney General Eric Schneiderman said the proposed $8.5 billion Bank of America settlement of investor losses from 530 mortgage-backed securities is “unfair” and trustee Bank of New York Mellon engaged in “repeated fraud” in connection with the securities sale.

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Mortgage delinquencies on the rise

Delinquencies for loans for commercial and multifamily properties held in commercial mortgage-backed securities rose 1.39 percentage points to 8.22 percent, the highest rate since 1997, according to the Mortgage Bankers Association.

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