SEATTLE, Aug. 19, 2010 (GLOBE NEWSWIRE) -- Keller Rohrback L.L.P. is investigating private-label mortgage-backed securities (MBS) issued and sold by several financial institutions to investors based on misrepresentations and omissions in the offering documents for the MBS. When financial institutions offered and then sold private-label MBS to investors, they made numerous untrue, incomplete and inaccurate statements to the investors about the MBS and the credit quality of the mortgage loans that backed them. For example, the financial institutions represented that the mortgage originators who issued the mortgage loans backing the securities adhered to their stated underwriting guidelines and requirements when, in fact, they abandoned these guidelines and issued loans effectively without regard to the borrowers ability to pay.
If you are an investor of a private-label MBS and you have suffered losses as a result of the above-mentioned practices by investments in MBS, you may contact forensic accountant Nathan Moe or attorneys Derek Loeser, Gary Gotto, or Lynn Sarko toll free at (800) 776-6044, or via e-mail at investor@kellerrohrback.com.
Keller Rohrback is one of America's leading law firms handling securities-related litigation. We are committed to helping investors protect their investment options. Keller Rohrback serves as lead and co-lead counsel in numerous class action cases. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.
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