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 …

Deutsche Bank sued over MortgageIt lies

We already know that Deutsche Bank is the investor for many Saxon Mortgage home buyers. We also know Deutsche Bank was involved in many bad Ohio mortgages. Now we know the bank, which bought MortgageIt, was less than truthful there too: Deutsche Bank AG knew in 2006 that a mortgage company it was preparing to …