Category Archives: litigation
Midwinter Conference Sparks Lively Discourse, Focuses on Servicing Deficiencies
I just returned from my first Midwinter Housing Finance Conference in Park City, Utah. Though the conference, organized by Brian Hershkowitz, has been an annual favorite of snow-loving housing professionals for decades, it tends to receive far less publicity than … 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
SEC Demands More Disclosure From JP Morgan on Repurchase Liabilities
By Manal Mehta, Guest Blogger The Securities and Exchange Commission (SEC) recently took a much needed step towards improving the transparency of bank balance sheets, particularly when it comes to the adequacy of reserves for mortgage repurchase obligations stemming from … Continue reading
Investor Syndicate At Hundreds of Billions And Growing
Heard on this Street this week: the super-secret Syndicate of MBS Investors discussed previously is gaining momentum. A confidential source has informed me that some of the largest institutional investors in mortgage-backed securities have now joined the group, bringing the amount … Continue reading
Class Action Lawsuit Against Goldman Over ABACUS CDO Signals Time Is Right For Investor Lawsuits
The legal news is not good if you are a lender or investment bank who participated in the creation of mortgage-backed securities (“MBS”) and other derivatives over the last few years. But for investors who lost their shirts through their … Continue reading
