Ninth suit filed so far by NCUA in the sale of toxic mortgage-backed securities to corporate credit unions.
Rep. Darrel Issa (R-Calif.) asks if executive order violated. NCUA pays lawyers more than $40 million of $170 million in Wall Street settlements.
Calling it one more bait-and-switch operator, the NCUA sues Credit Suisse Securities in the collapse of corporate credit unions.
FHFA seeking comment on possibility of allowing seizure, sale of residential mortgages.
Lawyers for Wachovia Capital Markets filed documents in Kansas City Federal Court asking the court to dismiss NCUA’s securities fraud case against the firm now owned by Wells Fargo. Central to Wachovia’s argument is a question that has haunted the NCUA ever since the collapse of U.S. Central FCU: Why...
Investment house says it informed corporates of risk.
The NCUA sued investment bank Goldman Sachs last week, seeking damages of more than $491 million and alleging misrepresentations by the firm when selling mortgage-backed securities to U.S Central and Western Corporate credit unions.
The NCUA has sued RBS Securities for $685 million, alleging that that firm misled Western Corporate FCU (WesCorp) when it sold it mortgage-backed securities.