The 9th Circuit Court of Appeals this week revived a lawsuit the NCUA filed against Wachovia Mortgage Loan Trust and Nomura Home Equity Loan, saying a lower court erred in ruling that the suit was not filed in a timely fashion.
NCUA filed the suit following the liquidation of Western Corporate Federal Credit Union.
In the suit, the NCUA argued that the companies made false and misleading statements in offering mortgage-back securities purchased by Wescorp.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
