Author Archives: Isaac Gradman
Mortgage Mess Causes Bank Stocks To Plummet
Bank stocks have taken a sharp hit this week as awareness regarding potential liabilities for faulty mortgages and foreclosures reaches critical mass. You can’t turn on the TV or open a newspaper these days without seeing reports on the recent … Continue reading
New York Judge Tosses Greenwich Suit Against Countrywide Over Loan Modifications For Failure To Follow PSA Procedure
In a ruling dated October 7, 2010, New York County Supreme Court Judge Barbara R. Kapnick tossed out Greenwich Financial’s lawsuit against Countrywide. The suit sought a declaratory judgment that Countrywide had to repurchase any loans that it modified pursuant … Continue reading
Inside Mortgage Finance Sees Private Label Rep and Warranty Claims Increasing
The following story appeared in the September 3, 2010 issue of Inside Nonconforming Markets, a biweekly newsletter focusing on news and data on non-agency mortgages. This story reflects the growing awareness in the marketplace of the undisclosed mortgage repurchase liabilities … Continue reading
Recording Of Compass Point Mortgage Repurchase Call Available
We had a great turnout for the Compass Point call today on mortgage repurchase liability and I thought the questions and remarks of the various participants were interesting and informative. For those of you who missed the call, you can … Continue reading
