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Loan Modification

: Loan Modification & Home Loan News

Mortgage Investor Sues 15 Banks Over Subprime

By Moe Bedard

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Cambridge Place Investment Management is suing 15 Wall Street of banks for misleading investors about a total of $2.4 billion in mortgage-backed securities that they sold, The Daily Telegraph reported. Cambridge Place, a fund based in Boston, Mass., is suing the U.S. branches of three British banks ? HSBC, Barclays and Royal Bank of Scotland [...]

Full post as published by Loan Modification & Home Loan News on July 12, 2010 (boomark / email).

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