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- The Top 5 RMBS Cases to Watch this Summer: No. 5 – Syncora v. EMC
- Breaking News: BofA Close to Reaching $8.5 bn Settlement with BlackRock, PIMCO (100th Post)
- Investor Syndicate At Hundreds of Billions And Growing
- Mortgage Lit Roundup: Five Signs That Plaintiffs Are Winning the RMBS War
- The Government Giveth and It Taketh Away: The Significance of the Game Changing FHFA Lawsuits
- Who’s Watching the Watchmen? RMBS Trustees Come Under Fire as Investors Launch Next Wave of Lawsuits
- Top Five Reasons that MBS Lawsuits Are Just Beginning
- FDIC Sues LPS and CoreLogic Over Appraisal Fraud; Shows Investors Leaving Money on the Table
- Monoline End Games: String of Legal Wins Will Snowball Until Settlement
- $8.5 Billion BofA Settlement of Countrywide Trusts Raises Questions for Investors on Sidelines
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Category Archives: loss estimates
Monoline End Games: String of Legal Wins Will Snowball Until Settlement
Last week, I wrote about a few developments that should boost RMBS litigation recoveries, especially for bond insurers – Judge Crotty’s summary judgment decision in Syncora v. EMC (JPMorgan) and Syncora’s subsequent settlement with BofA, resolving all of the parties’ … Continue reading
Posted in allocation of loss, banks, BofA, contract rights, Countrywide, damages, emc, fraud, global settlement, irresponsible lending, JPMorgan, Judge Eileen Bransten, Judge Paul Crotty, Judicial Opinions, junior liens, jury trials, lawsuits, lenders, liabilities, litigation, litigation costs, loss causation, loss estimates, MBIA, MBS, misrespresentation, monoline actions, monolines, mortgage insurers, O'Melveny & Myers, private label MBS, putbacks, rep and warranty, repurchase, RMBS, securitization, settlements, successor liability, summary judgment
6 Comments
Federal Judge Refuses to Narrow Mortgage Putback Claims, Paving Way for Lender Repurchase Liability
It has been just over a month since I published my series on the Top 5 RMBS Cases to Watch this Summer. In case you missed it, here’s a quick recap of my top five cases: No. 5 – Syncora … Continue reading
Posted in allocation of loss, Ambac, Bank of New York, banks, bondholder actions, contract rights, costs of the crisis, Countrywide, damages, emc, global catastrophe defense, incentives, Investor Syndicate, investors, Judge Eileen Bransten, Judge Paul Crotty, Judicial Opinions, lawsuits, lenders, liabilities, litigation, loss causation, loss estimates, MBIA, MBS, monoline actions, monolines, pooling agreements, private label MBS, public perceptions, putbacks, rep and warranty, repurchase, rescission, responsibility, RMBS, securitization, settlements, statutes of limitations, subprime, summary judgment, underwriting guidelines, underwriting practices
Tagged global catastrophe defense
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The Top 5 RMBS Cases to Watch this Summer: No. 5 – Syncora v. EMC
As summer approaches and the weather turns warmer, RMBS litigation is also heating up, generating long-awaited precedent that will dictate how mortgage losses are likely to be allocated by the courts. In order to keep my readers apprised on what … Continue reading
Posted in Alison Frankel, allocation of loss, Bank of New York, banks, Bear Stearns, broader credit crisis, contract rights, costs of the crisis, Countrywide, emc, investors, JPMorgan, Judge Eileen Bransten, Judge Paul Crotty, Judicial Opinions, lawsuits, lending guidelines, liabilities, litigation, loss causation, loss estimates, monoline actions, monolines, mortgage market, private label MBS, putbacks, rep and warranty, repurchase, responsibility, RMBS, subprime, The Subprime Shakeout, Trustees, underwriting guidelines, underwriting practices
12 Comments
BREAKING NEWS: Judge Determines BofA $8.5 bn Settlement Belongs in Federal Court
Though Bank of America (BofA) has taken its share of lumps over the past six months, this may be the one that leaves the biggest mark. In an opinion issued today in the Southern District of New York (available here … Continue reading
Posted in Bank of New York, banks, BofA, bondholder actions, class actions, conflicts of interest, contract rights, Countrywide, damages, fiduciary duties, global settlement, Grais and Ellsworth, Greenwich Financial Services, investors, lawsuits, litigation, loss estimates, MBS, pooling agreements, private label MBS, putbacks, remand, removability, repurchase, RMBS, securities, securities laws, securitization, settlements, The Subprime Shakeout, Trustees, Uncategorized, William Frey
4 Comments