The Federal Home Loan Bank of Seattle lost another round recently when the U.S. Court of Appeals in Washington ruled to dismiss its mortgage-backed securities claim against RBS Securities, even in light of newly discovered information in the case. In the suit, the FHLBank of Seattle alleged that it relied on RBS’ prospectus supplement to purchase $200 million in MBS back in 2006. The plaintiff said that the information provided about the MBS was not sufficient, and in fact, it included “untrue or misleading” statements. This was in relation to the loan-to-value ratio of the loans as well as the origination and underwriting...