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Parties, docket activity and news coverage of federal case National Credit Union Administration Board v. ... will pay the National Credit Union Administration $1.1 billion to settle legal claims over the sale of allegedly faulty mortgage-backed securities to two corporate credit .... Residential Funding Mortgage Securities II, Inc.


Jun 20, 2011 ... NATIONAL CREDIT UNION. ADMINISTRATION BOARD, as. Liquidating Agent of U.S. Central Federal. Credit Union,. Plaintiff, v. RBS SECURITIES, INC., f/k/a ..... Fremont Mortgage Securities Corp.; Residential Funding Mortgage Securities II, Inc.; IndyMac ..... Wachovia Mortgage Loan Trust, LLC is a.


Nov 19, 2013 ... J.P. Morgan Securities, LLC, Structured Asset Mortgage Investments II, Inc., Bear Stearns Asset. Backed Securities I, LLC and other defendants in the United States District Court for the District of Kansas, captioned National Credit Union Administration Board v. Bear Stearns & Co., Inc. n/k/a J.P. Morgan ...


Oct 20, 2016 ... Now that most of the securities cases have been resolved, NCUA can state that, to date, legal fees to our two lead law firms come to approximately 23.2 ... The five corporate credit unions and the credit union system as a whole suffered billions of dollars in losses from the purchase of the faulty residential ...


Oct 6, 1997 ... Section 109 of the Federal Credit Union Act provides that that "federal credit union membership shall be limited to groups having a common bond of occupation or association, or to groups within a well-defined neighborhood, community, or rural district." The National Credit Union Administration (NCUA) ...


May 1, 2017 ... The National Credit Union Administration, on behalf of U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, announced it recovered $445 million from UBS over claims that stem from losses related to purchases of residential mortgage-backed securities by those corporate credit ...


Nov 4, 2014 ... NATIONAL CREDIT UNION. ADMINISTRATION, as liquidating agent for New Horizons Community. Credit Union,. Amicus Curiae. APPEAL FROM THE ... Plaintiff-Appellant, Security Service Federal Credit Union (“SSFCU”), ... Appellees , including First American Mortgage Funding, LLC (“FAM”) and First.


Aug 15, 2016 ... FOR PUBLICATION. UNITED STATES COURT OF APPEALS. FOR THE NINTH CIRCUIT. NATIONAL CREDIT UNION. ADMINISTRATION BOARD, as. Liquidating Agent of Western. Corporate Federal Credit Union,. Plaintiff-Appellant , v. RBS SECURITIES, INC., FKA RBS. Greenwich Capital Markets, Inc.,.


May 1, 2017 ... The National Credit Union Administration said the payment resolves claims that UBS misled the US Central and Western Corporate credit unions about the risks of roughly $1.15 billion of residential mortgage-backed securities bought in 2006 and 2007. UBS' payment is on top of $79.3 million it paid last ...