Credit Suisse unit must still face $1bn MBS suit says US judge
A New York judge has refused to dismiss a mortgage-backed securities lawsuit accusing Credit Suisse subsidiary, DLJ Mortgage Capital Inc, for failing to buy back bad loans in a $1bn pool of over 5,000 mortgages, stating that U.S. Bank NA makes a valid claim that a servicing agreement obligated it to do so.

By Y. Peter Kang (October 13, 2015, 11:50 PM EDT) -- A New York judge refused to toss a mortgage-backed securities lawsuit accusing a Credit Suisse unit of failing to buy back bad loans in a $1 billion pool of more than 5,000 mortgages, saying U.S. Bank makes a valid claim that a servicing agreement obligated it to do so....

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