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Monday, April 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

Another $60 Million In Mortgage Problems

DALLAS (CN) - The Lone Star Fund claims Barclays Bank defrauded it in orchestrating the sale of $60 million of mortgage pass-through certificates: securities backed by pools of residential mortgage loans. Among other things, Barclays allegedly lied about the collateral, stating that none of the loans were delinquent. See complaint in Dallas County Court.

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