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MASTR Asset Backed Securities Trust 2006-HE3, by U.S. Bank National Association v. WMC Mortgage, LLC et al
Case Number:
0:12-cv-02149
Court:
Nature of Suit:
Judge:
Firms
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September 28, 2016
US Bank Trusts Settle RMBS Suit With Ex-GE Loan Originator
Two U.S. Bank NA trusts and General Electric's former loan originator have settled a 4-year-old suit accusing the ex-GE unit of not upholding guarantees it made regarding subprime residential mortgages it sold to UBS AG, which transferred the loans to the trusts that issued securities, the parties have said.
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August 31, 2012
Ex-GE, Barclays Units Sued Over Allegedly Defective Loans
A U.S. Bancorp unit serving as trustee for a $550 million mortgage pool says it has discovered hundreds more defective loans than previously identified and sued General Electric Co.'s and Barclays PLC's loan originators Friday in Minnesota over their alleged refusal to buy back the low-quality assets.