With its lawsuits hanging by a thread, National Credit Union Administration (NCUA) urged separate federal courts here and in Kansas Friday to allow it to advance its claims and make its case against Wall Street banks who sold faulty MBS that caused the failure of five corporate credit unions.

“Virtually every court addressing claims concerning similar [residential mortgage backed securities] offerings has denied motions to dismiss – 16 in all,” said NCUA in separate filings arguing against dismissal of suits the regulator has filed against Goldman Sachs and RBS Securities.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.