Working Group Brings First RMBS Suit

The federal government’s Residential Mortgage-Backed Securities Working Group has filed its first RMBS lawsuit, charging JPMorgan Chase, its unit formerly known as Bear Stearns and EMC Mortgage for allegedly making fraudulent misrepresentations and omissions to promote the sale of the securities to investors.

  • 13 Nov 2012
The federal government’s Residential Mortgage-Backed Securities Working Group has filed its first RMBS lawsuit, charging JPMorgan Chase, its unit formerly known as Bear Stearns and EMC Mortgage for allegedly making fraudulent misrepresentations and omissions to promote the sale of the securities to investors. Eric Schneiderman, attorney general for ...

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