Posted On: 04/16/2013 9:20:48 PM
Post# of 1629
BY blue
NEWS (!) UBS Must Hand Over Docs To FHFA In $182 BILLION RMBS Suit
Quote:Law360, New York (April 16, 2013, 5:54 PM ET) -- A New York federal judge on Tuesday ordered a UBS AG unit to produce portions of documents it claimed as privileged to the Federal Housing Finance Agency, in the FHFA's suit claiming UBS and other banks misrepresented the quality of roughly $182 billion in residential mortgage- backed securities .
U.S. District Judge Denise Cote held that while parts of memoranda from UBS Securities LLC's outside counsel to the company containing factual summaries of meetings held with third-party mortgage originators and legal analysis of that information are protected by...
http://www.law360.com/banking/articles/433204...-rmbs-suit
BANKS WILL PAY OR GET BACK THOSE BAD LOANS THEY PACKAGED TO FNMA and sister co.
Quote:Law360, New York (April 16, 2013, 5:54 PM ET) -- A New York federal judge on Tuesday ordered a UBS AG unit to produce portions of documents it claimed as privileged to the Federal Housing Finance Agency, in the FHFA's suit claiming UBS and other banks misrepresented the quality of roughly $182 billion in residential mortgage- backed securities .
U.S. District Judge Denise Cote held that while parts of memoranda from UBS Securities LLC's outside counsel to the company containing factual summaries of meetings held with third-party mortgage originators and legal analysis of that information are protected by...
http://www.law360.com/banking/articles/433204...-rmbs-suit
BANKS WILL PAY OR GET BACK THOSE BAD LOANS THEY PACKAGED TO FNMA and sister co.
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