DB Unit Sues GE Over MBS

17 Sep 2013

Deutsche Bank National Trust has filed a lawsuit against General Electric Capital and its WMC Mortgage unit alleging that they misrepresented the quality of some 3,400 mortgages underlying $666 million in mortgage-backed securities.

Deutsche Bank National Trust has filed a lawsuit against General Electric Capital and its WMC Mortgage unit alleging that they misrepresented the quality of some 3,400 mortgages underlying $666 million in mortgage-backed securities.

Click here to read the story from Law360.

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