Beal Unit Eyes RMBS Lawsuits Against Banks

Beal Bank USA unit CXA has invited investors in the same residential mortgage-backed securities as it has to join in investigating whether issuers of the RMBS may have approved the securities without following their own underwriting guidelines, with an eye toward suing the banks to recover losses.

  • 23 Jan 2013
Beal Bank USA unit CXA has invited investors in the same residential mortgage-backed securities as it has to join in investigating whether issuers of the RMBS may have approved the securities without following their own underwriting guidelines, with an eye toward suing the banks to recover losses. General ...

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