Goldman Sachs RMBS Lawsuit Moves Forward.
On March 28, Bloomberg reported that a U.S. District Judge in Manhattan declined to dismiss a securities lawsuit over residential mortgage-backed securities Goldman Sachs sold in 2007, noting that an appellate decision overturning her findings in a related case had altered the legal landscape. RMBS Suit.
USA, Banking, Capital Markets, Insolvency & Restructuring, Litigation, Winston & Strawn LLP, Security (finance), Mortgage-backed security, Bank of America, Goldman Sachs
On June 7th, Bloomberg reported that the FDIC, as receiver for Downey Savings & Loan Association, has sued Amerifund Financial Inc., a mortgage broker. The FDIC alleges that Amerifund altered or misstated borrowers' financial information while processing mortgage applications for Downey. Lawsuit.
USA, Banking, Insolvency & Restructuring, Winston & Strawn LLP, Mortgage loan, Central processing unit, Mortgage-backed security, Federal Deposit Insurance Corporation (USA)