Deutsche Bank loses bid to end FHFA mortgage lawsuit

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Deutsche Bank loses bid to end FHFA mortgage lawsuit

Deutsche Bank loses bid to end FHFA mortgage lawsuit

Reuters-

A U.S. judge on Monday rejected Deutsche Bank AG’s (DBKGn.DE) bid to dismiss a federal regulator’s lawsuit accusing it of misleading Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) into buying billions of dollars of risky mortgage debt.

U.S. District Judge Denise Cote in Manhattan said the Federal Housing Finance Agency may pursue fraud claims over some of the German bank’s representations in offering materials regarding mortgage underwriting standards.

[REUTERS]

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