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.
Tag: Morgan Stanley
FHFA Sues 17 of Nation’s Biggest Banks
The Federal Housing Finance Agency sues 17 big banks alleging that the mortgage-backed securities they sold violated securities laws.