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Home » FHLB Boston Files Suit Over $5.8 Billion in MBS
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FHLB Boston Files Suit Over $5.8 Billion in MBS

June 10, 2011
The Federal Home Loan Bank of Boston said it’s going to court to rescind the purchase of more than 100 mortgage securities for which the bank originally paid nearly $6 billion. FHLB Boston filed a complaint last week in the Department of Business Litigation Session of Suffolk County Superior Court based on the bank’s investments in certain private-label mortgage-backed securities issued by 115 securitization trusts for which the bank paid approximately $5.8 billion. “The Bank is…
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