Banks that spent years defending themselves against claims and paid billions of dollars in fines for bundling faulty mortgages and selling them as securities may soon play a new role: plaintiffs in their own lawsuits against the banks that originated the mortgages.

That’s the turn takenby Rescap Liquidating Trust (RLT), the surviving entity to emerge from bankruptcy proceedings initiated in 2012 when Residential Capital, a subsidiary of Ally Capital and a former mortgage aggregator and securitizer, filed for bankruptcy. 

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