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Mortgage Lawsuits News | Mortgage Litigation Index
Mortgage industry lawsuit news and mortgage litigation coverage. Stories about legal settlements, judgments and mortgage class actions.


Trader Sued Over Decade-Old Subprime RMBS

Over $1 billion in securities at issue

Sept. 12, 2017

By Mortgage Daily staff



The former chief of subprime trading at Deutsche Bank has been sued by the government for allegedly misleading investors about the quality of subprime residential mortgage-backed securities.

Paul L. Mangione joined Deutsche Bank in 2000. By 2006, he had worked his way up to managing director at Deutsche Bank Securities Inc. and head of subprime loan trading at Deutsche Bank.

His compensation at the German financial institution was based, in large part. on the profitability of the subprime trading desk that he was in charge of, according to a complaint filed by the Department of Justice.

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Mortgage Backed Securities | MBS News | MBS Statistics
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Stories about non-QM products. Coverage of subprime, Alt-A and
hard money lending. Home-equity loans and home-equity lines of credit.


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