February 07, 2017
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.
February 06, 2017
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.
November 15, 2016
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.
June 21, 2016
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.
May 19, 2015
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.
May 08, 2015
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.
October 01, 2014
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.
October 01, 2013
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.
March 12, 2012
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.