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Federal Home Loan Bank of Boston v. Ally Financial, Inc. et al

  1. February 07, 2017

    FHLB Boston's $6B RMBS Suit Sent Back To State Court

    A Massachusetts federal judge on Tuesday sent a $5.9 billion mortgage-backed securities case pitting the Federal Home Loan Bank of Boston against a host of big banks back to state court in the wake of a U.S. Supreme Court decision that limited a similar case's viability in federal courts.

  2. February 06, 2017

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

    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.

  3. November 15, 2016

    Claims Against RBS Trimmed In Mortgage-Backed Suit

    Federal Home Loan Bank of Boston and RBS Securities Inc. agreed on Monday in Massachusetts federal court to toss most of FHLB Boston’s claims against RBS in a wide-ranging suit that accuses financial institutions of misleading the bank in its $5.9 billion purchase of mortgage-backed securities that faltered during the 2008 financial crisis.

  4. June 21, 2016

    Barclays Latest To Escape Mortgage-Backed Securities Suit

    Barclays Capital Inc. is off the hook in a Federal Home Loan Bank of Boston lawsuit accusing financial institutions of misleading it into a $5.9 billion purchase of mortgage-backed securities that ultimately faltered during the financial crisis, according to a stipulation filed in Massachusetts federal court on Tuesday.

  5. May 19, 2015

    Deutsche Bank, Others End Some Claims In $5.9B MBS Suit

    Deutsche Bank Securities Inc., Morgan Stanley & Co. and UBS Securities LLC have settled claims over mortgage-backed securities certificates in Federal Home Loan Bank of Boston's suit accusing them of misleading it into buying $5.9 billion in MBS that later faltered.

  6. May 08, 2015

    JPMorgan, Others Exit Bank Of Boston's $5.9B MBS Suit

    JPMorgan Chase & Co. and some other institutions have exited Federal Home Loan Bank of Boston's suit accusing them of misleading it into buying $5.9 billion in mortgage-backed securities that later faltered, according to a stipulation filed Friday in Massachusetts federal court.

  7. October 01, 2014

    Daimler Frees Moody's, S&P From Bank's $5.9B MBS Suit

    A Massachusetts federal judge threw out a bank's claims that Moody's Corp. and Standard & Poor's Financial Services LLC misled it into buying $5.9 billion in mortgage-backed securities that later faltered, finding Tuesday the court lacked personal jurisdiction in light of the U.S. Supreme Court's Daimler ruling.

  8. October 01, 2013

    Bank's Claims Slashed In $5.9B MBS Suit

    A Massachusetts federal judge on Monday cut two of three claims from the Federal Home Loan Bank of Boston's suit against the credit ratings agencies it says misled it into buying $5.9 billion of mortgage-backed securities that later faltered.

  9. March 12, 2012

    Judge Keeps $5.9B MBS Suit In Federal Court

    A judge on Friday refused to return Federal Home Loan Bank of Boston's suit against several banks and ratings agencies over $5.9 billion in mortgage-backed securities to Massachusetts state court, saying the bank's own federal charter puts the suit squarely in federal court.