Mortgage Backed Securities Lawsuits Still Proliferate

By: Tuesday December 18, 2012 2:01 pm

While we wait for more settlements in the Libor case, banks continue to face exposure for their fraudulent mortgage conduct dating back to the housing bubble. Two more major lawsuits emerged yesterday.

National Credit Union Administration Sues JPMorgan Chase for Misleading Offering Materials In Sales of RMBSs

By: Tuesday June 21, 2011 12:30 pm

The NCUA sues JPMorgan Chase for non-disclosure in offering materials for real estate mortgage-backed securities. Too bad Preet Bharara hears no evil, sees no evil, tastes no evil, smells no evil, and touches no evil, meaning that he has nothing to say about securities violations that don’t affect hedge funds.

Federal Agency NCUA Sues Banks Over Putbacks of Bad Mortgages

By: Monday June 20, 2011 1:30 pm

Another day, another lawsuit for the big banks – in this case JPMorgan Chase and the Royal Bank of Scotland – over their mortgage and securitization practices. Only this one comes from the National Credit Union Administration, a federal agency.

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