Mortgage-backed Securities, Investor | featured news

Morgan Stanley says warned on $6 billion mortgage debt

Morgan Stanley said a group of investors believes the bank may have sold defective mortgage bonds contained in more than $6 billion of trusts, signaling that it may face litigation over its involvement.

 

BofA's Countrywide sued, accused of massive fraud

Bank of America Corp's Countrywide mortgage unit has been sued by investors claiming they were victimized in a "massive fraud" when they bought mortgage-backed securities.

 

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