U.s. To Sue Big Banks Over Mortgage Securities: Report

Reuters: Top News, Reuters
Thu, 09/01/2011 - 8:17pm

WASHINGTON (Reuters) - The agency that oversees mortgage markets is preparing to file suit against more than a dozen big banks, accusing them of misrepresenting the quality of mortgages they packaged and sold during the housing bubble, The New York Times reported on Thursday.

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Topics: banks housing bubble housing market mortgage real estate

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