WASHINGTON Oct 7 The U.S. Supreme Court on
Monday said banks sued by the U.S. Federal Housing Finance
Agency over mortgage-backed securities that were sold to Fannie
Mae and Freddie Mac cannot appeal a
preliminary lower court ruling they object to.
In 2011, the FHFA sued 18 banks, including Barclays Plc
, Bank of America Corp, Deutsche Bank AG
, Goldman Sachs Group Inc and JPMorgan Chase &
Co, accusing them of violating securities laws by
misleading Fannie and Freddie about $200 billion in
mortgage-backed securities they purchased. The Supreme Court
said that banks involved in 13 lawsuits now before the same
judge that have yet to be settled did not have permission to
seek review of a New York-based 2nd U.S. Circuit Court of
Appeals decision from April.