http://www.law360.com/ Latest articles for organization: Freddie Mac Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/135443 The Ohio attorney general has targeted the three leading ratings agencies with allegations of wreaking havoc on the U.S. financial markets by providing unjustified and inflated ratings of asset-backed securities in exchange for lucrative fees from securities issuers. http://www.law360.com/articles/135443 http://www.law360.com/articles/134216 A bankruptcy judge has signed off on a Chapter 11 liquidation plan for real estate-related securities investment firm 2008 Asset Holding Corp. that allows the company to pay back only 1 percent to 2 percent of its $112 million in debt. http://www.law360.com/articles/134216 http://www.law360.com/articles/133420 Four New York homeowners have filed a purported class action alleging that Aurora Loan Services LLC improperly denied their applications for modifications of their mortgages under the federal Home Affordable Modification Program. http://www.law360.com/articles/133420 http://www.law360.com/articles/132027 Fannie Mae benefit plan committee members have asked a federal judge to dismiss a consolidated proposed class action alleging they violated the Employee Retirement Income Security Act by investing in Fannie Mae stock, saying the plan did not give them discretion to alter investments. http://www.law360.com/articles/132027 http://www.law360.com/articles/128130 Fannie Mae's conservator, the Federal Housing Finance Agency, has won its bid to intervene as a defendant in consolidated securities litigation against the government-sponsored enterprise. http://www.law360.com/articles/128130 http://www.law360.com/articles/127796 Bank of America Corp. has appealed a bankruptcy judge's approval of a mortgage loan agreement between Taylor Bean & Whitaker Mortgage Corp. and the Federal Deposit Insurance Corp. in its role as the receiver for Colonial BancGroup Inc., claiming the deal violates an injunction Bank of America has secured in a separate case against Colonial related to approximately $1 billion in cash and loans. http://www.law360.com/articles/127796 http://www.law360.com/articles/125897 Doral Bank has failed in its bid to intervene in a settled breach of contract dispute involving mortgage-backed securities purchased by the Federal Home Loan Mortgage Corp. http://www.law360.com/articles/125897 http://www.law360.com/articles/124249 Mortgage giant Freddie Mac plans to sell $1 billion in securities through the reopening of 2.125 percent three-year reference notes, the government-sponsored enterprise announced Thursday. http://www.law360.com/articles/124249 http://www.law360.com/articles/123677 Fannie Mae's former auditor KPMG LLP has urged a federal judge to enforce a document subpoena on the firm administering a $350 million settlement fund created by the mortgage giant to resolve civil fraud charges, saying the documents have a direct bearing on issues in a multibillion-dollar securities class action. http://www.law360.com/articles/123677 http://www.law360.com/articles/123248 Bank of America Corp. has asked a bankruptcy court to reject a mortgage loan agreement between Taylor Bean & Whitaker Mortgage Corp. and the Federal Deposit Insurance Corp. in its role as the receiver for Colonial BancGroup Inc., saying that the stipulation violates an injunction Bank of America has secured in a separate case against Colonial related to approximately $1 billion in cash and loans. http://www.law360.com/articles/123248 http://www.law360.com/articles/122563 A former Fannie Mae executive who's under fire in a securities suit against the government-sponsored enterprise has asked a judge to force the Federal Housing Finance Agency to produce documents that she argues will show that the defendants' alleged misuses of a complex accounting standard were "honest mistakes." http://www.law360.com/articles/122563 http://www.law360.com/articles/121412 Bankrupt 2008 Asset Holding Corp., a real estate-related securities investment firm that was managed by financial advising company GSC Group, will pay back only 1 to 2 percent of its $112 million in debt, according to a Chapter 11 reorganization plan filed in federal court. http://www.law360.com/articles/121412 http://www.law360.com/articles/119729 Taylor Bean & Whitaker Mortgage Corp. responded on Monday to increasing pressure from financial institutions and federal agencies seeking to force the bankrupt mortgage lender to turn over millions of dollars and a host of information related to its $80 billion mortgage servicing operations. http://www.law360.com/articles/119729 http://www.law360.com/articles/119415 Investors suing Fannie Mae over allegedly misleading statements it made in 2004 have asked a federal judge to order the testimony of Donald Nicolaisen, chief accountant of the U.S. Securities and Exchange Commission at the time. http://www.law360.com/articles/119415 http://www.law360.com/articles/118496 With a disputed claim of $42 million, Deutsche Bank Securities Inc. has claimed the top spot among Taylor Bean & Whitaker Mortgage Corp.'s unsecured creditors, according to a list of the bankrupt mortgage lender's largest unsecured claims. http://www.law360.com/articles/118496 http://www.law360.com/articles/118182 Taylor Bean & Whitaker Mortgage Corp. has filed for Chapter 11 bankruptcy protection, saying in a statement Monday that actions by government regulators in the past few weeks have "crippled the company's business operation." http://www.law360.com/articles/118182 http://www.law360.com/articles/117173 The Pension Benefit Guaranty Corp. announced Tuesday that it had assumed responsibility for an underfunded pension plan covering almost 1,900 workers and retirees of IndyMac Bancorp Inc. unit IndyMac Bank FSB. http://www.law360.com/articles/117173 http://www.law360.com/articles/114731 As the credit crisis eases and capital returns to U.S. financial institutions, a Canadian banking attorney offers some advice for American lenders and borrowers: Learn to be boring, says Robert Elliott of Fasken Martineau. http://www.law360.com/articles/114731 http://www.law360.com/articles/116404 Bank of America NA has accused Colonial Bank of refusing to turn over $1 billion in loans and cash it held for the financial giant, marking more trouble for the Alabama-based financial institution already under investigation by federal regulators. http://www.law360.com/articles/116404 http://www.law360.com/articles/115548 Calling the plaintiffs' amended complaint an exercise in artful pleading, a federal judge has dismissed a suit against alternative asset manager Centerline Holdings Co. for a second time and denied the plaintiffs the opportunity to file another revised complaint. http://www.law360.com/articles/115548