Deutsche Bank (DB -0.6%) and its MortgageIT unit seek to dismiss a $1B lawsuit by the U.S....

|About: Deutsche Bank AG (DB)|By:, SA News Editor

Deutsche Bank (DB -0.6%) and its MortgageIT unit seek to dismiss a $1B lawsuit by the U.S. government, arguing the claims are groundless. The suit accuses the bank of lying to qualify thousands of high-risk mortgages for FHA insurance, thereby making them "highly marketable" for resale.