US files lawsuit against Barclays Bank for alleged mortgage fraud

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  • 7 years ago
The Department of Justice filed a civil lawsuit against Barclays Bank for selling fraudulent residential mortgage-backed securities from 2005 to 2007. Barclays allegedly sold billions of residential mortgage to unqualified borrowers who are not able to repay the loan. Attorney General Loretta Lynch said in a statement. The bank denies these claims, and said that the statements are "disconnected from the facts."

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