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Mastr Adjustable Rate Mortgages Trust 2006-OA2 et al v. UBS Real Estate Securities Inc.

  1. April 19, 2016

    UBS Team Hid Tanking FICO Scores From S&P, Judge Hears

    A former UBS trader grudgingly admitted Tuesday that he told a colleague to keep data about falling homebuyer credit scores away from ratings agency Standard & Poor's in 2007 in an effort to close a mortgage bundle, as trustee U.S. Bank seeks to hold the Swiss megabank liable at trial for building shoddy trusts that cost investors $2 billion.

  2. April 18, 2016

    UBS Pumped Garbage Loans Into Bundled Trusts, Judge Told

    A UBS unit knowingly sold thousands of bad home loans into securitized trusts, costing investors $2 billion, trustee U.S. Bank told a New York federal judge Monday at the outset of an unprecedented trial that could cost the Swiss giant more money than it's already shelled out for its participation in pre-financial crisis mortgage bundling.

  3. August 15, 2013

    UBS Unit Can't Nix Trusts' Mortgage Loan Buy-Back Suit

    A New York federal judge on Thursday refused to throw out a suit brought by trusts accusing a UBS AG unit of reneging on a deal to buy back certain residential mortgage loans it sold for securitization purposes, finding the trusts' bid for damages doesn't doom the case.