The Federal Housing Finance Agency is on the verge of filing a barrage of civil claims against investment banking firms that packaged nonprime loans into MBS while misrepresenting the quality of the underlying collateral, according to a new published report.

The New York Times reported Friday morning that the agency will sue Bank of America, Deutsche Bank, Goldman Sachs, JPMorgan Chase and other firms. At press time, a FHFA spokeswoman had not returned telephone calls about the matter.

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