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'Sued' Clause Should Put $6B MBS Suit In State Court: Banks

By Cara Mannion (February 6, 2017, 9:08 PM EST) -- Federal Home Loan Bank of Boston and the financial institutions that allegedly misled it into purchasing $5.9 billion of risky mortgage-backed securities asked a Massachusetts federal judge on Friday to kick the suit back to state court, citing a recent U.S. Supreme Court ruling that limited Fannie Mae's pathway to federal courts....

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