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Real Estate & Property Law

: The Home Equity Theft Reporter

Seattle FHLBB Goes After Wall Street Firms In Attempt To Force Them To Buy Back Soured Mortgage-Backed Securities

By r morris

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In Seattle, Washington, The Wall Street Journal reports: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 The Home Equity Theft Reporter on February 17, 2010 (boomark / email).

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