Credit Suisse unit asks US judge to end RMBS suit

A Credit Suisse unit, DLJ Mortgage Capital, has asked a US judge to end a residential mortgage-backed securities lawsuit over the bank's refusal to buy-back $1bn worth of toxic loans underlying securities pools.

By Stewart Bishop (February 4, 2016, 10:31 PM EST) -- A Credit Suisse Group unit on Thursday asked a New York judge to end a residential mortgage-backed securities lawsuit over the lender's refusal to buy back $1 billion worth of toxic loans underlying securities pools, saying the recent so-called ACE ruling by the state's highest court shows the case to be untimely....

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