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2nd Circ. Amends Revival Of Mortgage-Backed Securities Suit

By Kellie Mejdrich ( April 22, 2026, 7:22 PM EDT) -- The Second Circuit on Wednesday pulled back from a holding that mortgages underlying a union pension fund's mortgage-backed securities investments that tanked during the financial crisis were plan assets under federal benefits law in a proposed class action that the appellate court revived in March against Wells Fargo and Ocwen....

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