List of lawsuits against major banks

The regulator overseeing Fannie Mae and Freddie Mac today sued many of the country‚Äôs biggest banks, claiming the government-owned entities were duped into buying tens of billions of dollars in mortgage securities that went south. In a news release, the FHFA detailed the banks it is suing. And its filings also detail the amount of …

RBS and HSBC package bad loans, sued in US

Documents released by the US Federal Housing Finance Agency (FHFA) claim that Royal Bank of Scotland (RBS) and HSBC retained the services of Clayton Holdings, a risk analysis specialist, to scrutinize loans before they were placed in bundles of mortgage-backed securities. According to the filings, reports from Clayton show that 18 percent of the mortgage …