German Banks Weighing Compensation for U.S. MBS Losses

``Representatives of sizable German banks have spoken of their interest in pursuing compensation for private residential MBS losses, and one European financial institution with MBS holdings confirmed to American Banker that it and others are looking to act... If brought to fruition, the effort could change the landscape for investor disputes. Though hundreds of billions of dollars in securitized mortgages are held overseas, few foreign bondholders have made much noise to date.''