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: Loan Modification & Home Loan News

Federal Home Loan Bank Suing Wall Street to Repurchase Mortgages

By Moe Bedard

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The Federal Home Loan Bank of Seattle has launched a series of lawsuits against Wall Street banks, seeking to force them to buy back souring mortgage-backed securities. In 11 separate lawsuits filed in late December in King County Superior Court in Washington, the Seattle bank alleges that it was misled by underwriters about the quality of [...]

Full post as published by Loan Modification & Home Loan News on February 16, 2010 (boomark / email).

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