Trusts Say $2B UBS Mortgages Trial Belongs In District Court

By Carmen Germaine (May 31, 2016, 3:38 PM EDT) -- Trustee U.S. Bank told a New York federal judge Monday that a trial over claims UBS AG reneged on obligations to repurchase $2 billion in shoddy bundled home loans was in the right court because the case is related to loan originator American Home Mortgage Corp....

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