Royal Bank of Canada taken legal action against by REIT over commercial mortgage-backed securities margin calls

The bank’s auction “would not just dramatically and prejudicially underprice these securities to Plaintiffs’ detriment, however would likewise likely speed up a chain reaction of other banks being pressed to foreclose on other mREITs’ promised securities, all at prices notified by the fire sale that defendants look for to hold,” the trust stated in the fit.

AG Mortgage Financial investment Trust revealed Monday it quit working to satisfy some margin calls and does not prepare for to be able to please future margin calls with its present funding.

Bloomberg.com

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