Originally posted on February 5, 2016
New York, NY
Lehman Brothers Holdings Inc. on Wednesday, sued nearly 150 mortgage originators that it says sold it faulty mortgages that resulted in the failed investment bank paying more than $1.2 billion in settlements with Fannie Mae and Freddie Mac.
The adversary complaint Lehman’s estate filed in the federal bankruptcy court in New York is the latest in a string of lawsuits it has filed seeking to enforce indemnification claims against mortgage lenders. The complaint filed alleges that the lenders sold Lehman thousands of defective mortgage loans.
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