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Ex-GE, Barclays Units Sued Over Allegedly Defective Loans

By Kelly Rizzetta (August 31, 2012, 8:14 PM EDT) -- A U.S. Bancorp unit serving as trustee for a $550 million mortgage pool says it has discovered hundreds more defective loans than previously identified and sued General Electric Co.'s and Barclays PLC's loan originators Friday in Minnesota over their alleged refusal to buy back the low-quality assets....

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