National Credit Union Administration (NCUA) urged a federal judge here last week not to dismiss its claims against underwriters of more than $1 billion of MBS sold to WesCorp Federal Credit Union, as the regulator’s numerous legal claims in the corporate credit union failures appear to be slipping away.

In a response to the judge’s tentative ruling to dismiss its suit against RBS Securities, NCUA urged the judge to reject the Wall Street bank’s defense that more than $1 billion of WesCorp MBS it underwrote went bad because of the 2007-2008 meltdown of the mortgage market and not because of any of its own actions.

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