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U.S. plans to raise billions of dollars in claims against more than 12 of the largest banks on the back of non-compliance related to the fundamental guarantees mortgages, which accelerated the occurrence of financial crisis in 2008.
The New York Times, which reported the story, citing three sources, the lawyer for the Federal Housing Finance to file today or early next week suits against Bank of America and JP Morgan and Goldman Sachs, Deutsche Bank and other banks.
And directs the attorneys of the Federal - which oversees Fannie Mae and Freddie Mac mortgage finance - charges for these banks that it has sold Rhona real estate on the grounds that securities to investors, while the matter of Bmguetredan the size of their incomes exaggerated, did not the banks check the technical due diligence imposed by securities law.
When borrowers default on the repayment obligations of lost securities that they bought their value, causing a loss estimated at more than thirty billion dollars incurred by the two companies Fannie Mae and Freddie Mac Madaumtan government, because buying them a part of such securities when the real estate bubble burst at the end of 2008, and was covered most of the these losses with taxpayers' money.
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And refused to Bank of America and JP Morgan and Goldman Sachs to comment on the upcoming proceedings, while a spokesman for Deutsche Bank, "We can not comment on the lawsuit did not raise have not seen yet."
However, these banks said before that the losses recorded due to the economic crisis of public and not because of fraud related to mortgage, she said that Fannie Mae and Freddie Mac were known as well that these securities involve a certain amount of risk.
It is reported that this would adversely affect the performance of bank shares on the day in the financial markets, where shares of JP Morgan and Bank of America and Goldman Sachs in New York Stock Exchange listed shares of Deutsche Bank listed on the German stock exchange.
To indicate the expansion of U.S. banks to grant mortgage loans, regardless of the ability of borrowers to repay were the main reasons for the collapse of the mortgage market and the subsequent financial and economic crisis in America and then moved to Europe and the rest of the world's varying effects.