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RESIDENTIAL CAPITAL, LLC et al v. FEDERAL HOUSING FINANCE AGENCY
Case Number:
1:12-cv-05116
Court:
Nature of Suit:
Judge:
Firms
Companies
Government Agencies
Sectors & Industries:
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August 13, 2013
Feds Again Get Nod For MBS Suit Against ResCap Affiliates
The Federal Housing Finance Agency may advance its lawsuit over mortgage-backed securities against affiliates of bankrupt Residential Capital, a federal judge in New York ruled on Monday, thwarting a second attempt to stay the fraud proceedings until ResCap emerges from bankruptcy.
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July 18, 2012
FHFA Can Pursue MBS Claims Against ResCap Affiliates: Judge
A New York judge on Tuesday allowed the Federal Housing Finance Agency to move forward with mortgage-backed securities claims against Residential Capital LLC affiliates by denying the bankrupt mortgage lender's request to halt any prosecution or extend its automatic stay.