How crappy U.S. mortgages hurt Ireland and Germany

JPMorgan Chase & Co and Bank of America Corp were hit with new lawsuits by investors claiming losses on $4.5 billion of soured mortgage debt, adding to litigation targeting the two largest U.S. banks. The plaintiff Sealink Funding Ltd said it lost money after buying nearly $2.4 billion of residential mortgage-backed securities (RMBS) from JPMorgan …

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 …

Goldman Sachs sued again over MBS

Bond insurer CIFG Assurance has become the latest aggrieved party to sue Goldman Sachs for misrepresenting a bunch of MBS-related securities that blew up. The suit, filed on Tuesday, relates to securities built from a portfolio of 6,204 loans made by M&T, which was also sued. Goldman subsequently packaged these loans into bonds that the …