Relevant:
2013-07-18 — banking-business-review.com
``In April 2012, the life insurer filed a case and claimed that the bank was fully aware that home loans underlying the securities were faulty, as the same has also been proved in an independent third party assessment.
Further, the lender also destroyed the documents, which established incapability of borrowers to afford their loans, so that it could negotiate cheaper prices prior to converting the loans into the securities, which MetLife purchased in 2006 and 2007.''
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