Tag Archives: Freddy Mac

List of lawsuits against major banks

September 4, 2011 – 5:10 AM

The regulator overseeing Fannie Mae and Freddie Mac today sued many of the country’s biggest banks, claiming the government-owned entities were duped into buying tens of billions of dollars in mortgage securities that went south.

By Timothy Blake | Posted in Ally Financial (GMAC), Citigroup, Credit Suisse Holdings USA, Nomura Holding America Inc, Societe Generale | Also tagged , , , | Comments Off

RBS and HSBC package bad loans, sued in US

September 4, 2011 – 4:53 AM

Documents released by the US Federal Housing Finance Agency (FHFA) claim that Royal Bank of Scotland (RBS) and HSBC retained the services of Clayton Holdings, a risk analysis specialist, to scrutinize loans before they were placed in bundles of mortgage-backed securities.

By Timothy Blake | Posted in Barclays PLC, HSBC, Royal Bank of Scotland (RBS) | Also tagged , , , , , | Comments (1)