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US Bank Trusts Settle RMBS Suit With Ex-GE Loan Originator

By John Kennedy (September 28, 2016, 4:38 PM EDT) -- Two U.S. Bank NA trusts and General Electric's former loan originator have settled a 4-year-old suit accusing the ex-GE unit of not upholding guarantees it made regarding subprime residential mortgages it sold to UBS AG, which  transferred the loans to the trusts that issued securities, the parties have said....

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