By the federal housing finance agency dangerous housing debt 15 major bank sued for the United States court of appeals for the intervention on Wednesday, the reason is that "serious damage" to coordinate the action of the judge's ruling.
And the second circuit court of appeals in New York in a joint application, the bank said that cote d 'ivoire, U.S. district court judge Dennis "systematically deprived their evidence to defend themselves, and issued a ruling, in order to force settlements.
Banks, including ubs (ubsn.vx), j.p. Morgan chase & co (jpm.n) and bank of America (BAC. N: quote), to reverse the number of cote d 'ivoire's decision, and get more information what fannie meimei stand (OB) and Freddie Mac, Freddie Mac (fmcc.ob) mortgage debt, they know that bought 20 08 years before the financial crisis.
The country's two biggest mortgage finance companies Fannie Mae (Fannie Mae and Freddie Mac (Freddie Mac), by the FHFA regulation.
Unusual application, Wednesday is litigation has become a symbol of just how serious. Analysts said the Banks face several billions of dollars of damage.
Of lawsuits, in 2011, accused the Banks in violation of the securities law, misleading of fannie mae and Freddie MAC housing loans packaged into $20 billion worth of securities on quality.
The FHFA a spokeswoman was not immediately available for comment.
FHFA of 18 cases, there are 16 people transferred to ivory coast, in December 2011. Since then, cote d 'ivoire, 66 years old, had a strong hand, how to develop.
She denied the motion to cancel the case, and said that she think that should solve the case. She also limits the testimony and documents, and set up a quick trial schedule.
First trial is scheduled for January 2014 in a Swiss bank (UBS AG), and others to follow. Whether to reverse the ivory coast's decision does not exclude the UBS case, the bank is waiting for the second circuit.
Banks, must continue to face cote d 'ivoire, petition submitted Wednesday whether they made lightly. But they said they are "forced under the condition of a series of serious damage to the ruling, petition to force to solve."
At present, one of the defendants, general electric (GE) N), has agreed to reconciliation. Terms are confidential.
In the petition, the bank said, ban on the ivory coast have been found to fannie mae and Freddie MAC are put together, not to buy their mortgage-backed securities business.
Banks also complain, cote d 'ivoire limits their 20 confession fannie mae, Freddie MAC and all 15 FHFA lawsuit, while allowing the FHFA end of more than 400.
Banks, including citigroup (CN), deutsche bank (around DE) and barclays (from L), cote d 'ivoire method called "one-sided", and says it is the purpose of the forced settlement, rather than "promote fair, reasonable".
"Prejudged ruling based on the evidence of a complete record of the fact that a jury decided bank said."
Ivory coast's comment on Wednesday's request did not respond. Stefanie Johnson, the FHFA's spokesman declined to comment.
Other countries bank to join request includes the first horizon company (FHN. N), Goldman sachs group inc (gs.n), nomura holdings, societe generale (see PA), Morgan Stanley, Morgan Stanley (MS. N: quote), group finance company (GKM. N) and the royal bank of Scotland (RBS) L: quote) and credit suisse group ag (csgn.vx VX).
Coordination securities litigation in this case the regulator, the second circuit court of appeals, the no. 13-1122.
 



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