巴克莱以3.25亿美元的价格解决RMB的诉讼

巴克莱(BARC)将支付3.25亿美元以解决与residential mortgage-backed securitiessales that took place during the housing boom. The plaintiff of both securities lawsuits is the National Credit Union Administration, which regulates federal credit unions.

在NCUA的职权范围内,许多信用合作社在投资抵押支持证券后失败了。bob200体育工会认为,承销证券误导买家的银行。bob200体育

RMBS are investments that pool the returns and risks of personal mortgages. The quality of these securities came into question several years ago when homeowners began to default on the mortgages backing them. NCUA believes that it is its statutory duty to obtain recoveries for credit unions while making sure that customers are protected.

By settling, Barclays is not admitting fault. According toThe New York Times, the bank sponsored and underwrote approximately $35M in mortgage securitizations in the US and sold $19.4B in loans that were originated and sold to third parties by affiliates of an entity that it had acquired. Upon completion of this settlement, NCUA will dismiss pending litigation against Barclays in district court in Kansas and New York.

Barclays, which settled a similar case filed by the Federal Housing Finance Agency for $280M in 2014, stopped trading in the RMBS market a few months ago. It is a defendant in several other lawsuits involving RMBSs.

NCUA has gone afterUBS (UBS),高盛(GS),汇丰银行(汇丰银行),摩根士丹利(MS),瑞士信贷(CS)和苏格兰皇家银行(RBS),后者在9月份定居近1.3亿美元。在这种情况下,银行解决了联合和西南公司信用合作社成员购买的RMBS的索赔。但是,NCUA仍在加利福尼亚州和堪萨斯州的联邦法院对苏格兰皇家银行(RBS)的案件进行针对韦斯科普的住宅抵押支持证券销售的案件。bob200体育和美国中央。

In another RMBS case, NCUA just announced a $53M settlement with Wachovia for losses involving securities bought by corporate credit unions. The lawsuit was brought in 2011. Wells Fargo (WFC), which bought Wachovia in 2008, will issue the payment.

Barclays Agrees to Settle Mortgage Lawsuits for $325 Million, The New York Times, October 19, 2015

NCUA Agrees to $129.6 Million Offer from Royal Bank of Scotland, NCUA, September 16, 2015

NCUA Legal Recoveries Reach $2.2 Billion with Wachovia Settlement, NCUA, October 19, 2015

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