October 3, 2016
Monday’s Adjudication Roundup
- A federal judge on Thursday granted a motion for summary judgment to Fannie Mae and Freddie Mac and the Federal Housing Finance Agency in a suit seeking declaratory judgment that the city of Chicago cannot impose a transfer tax on the sale of homes
- A group of banks and financial services firms, including Deutsche Bank National Trust Co., on Thursday challenged Lehman Brothers’ attempt in New York bankruptcy court to nix billions of dollars in claims arising from the sale of residential mortgage-backed securities before Lehman’s 2008 collapse.
- 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