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Class Can't Intervene In FHFA's MBS Suit Against HSBC

By Stephanie Russell-Kraft (August 25, 2014, 8:17 PM EDT) -- A class of homeowners who took out the loans underlying the toxic mortgage-backed securities allegedly sold by HSBC North America Holdings before the financial crisis of 2008 won't be allowed to intervene in the Federal Housing Finance Agency's suit against the bank, a New York federal judge ruled Monday....

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