FHFA, Trust Target Deutsche Bank Over Alleged RMBS Fraud

Law360, New York (August 27, 2012, 1:51 PM EDT) -- A Deutsche Bank AG unit was hit with suits by the Federal Housing Finance Agency and a trust in New York state court Friday over its alleged refusal to repurchase hundreds of millions of dollars in residential mortgage-backed securities, despite claimed misrepresentations during the sale of the RMBS.

The FHFA and Freedom Trust 2011-12, which brought its suit on behalf of an ACE Securities Corp. RMBS trust, claim DB Structured Products Inc. had a contractual obligation to repurchase any mortgage loans it had misrepresented when pooling...
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