UBS could be the first of the European banks to pay up for misleading mortgage giants Fannie Mae and Freddie Mac over the quality of packaged mortgage backed securities sold leading up to the housing market crash.
One may see a minor mistake as just that; a minor mistake. Where a potential buyer looking up your current listing on the MLS (Multiple Listing Service) will take your mistake and drive to 1325 Polar Lane when the actual property is located on 1325 Poplar Lane. This is a mistake that occurs more often […]
Yet another lawsuit has been filed against the “big banks” in relation to the lending standards and practices employed by the companies leading up to the housing market crash. What seperates this case from others is the fact that this is the first case brought by homeowners (not government) against an investment bank.