Isaac Gradman is a Partner at Perry, Johnson, Anderson, Miller & Moskowitz, LLP, a full service law firm located in Santa Rosa, California. Mr. Gradman assists clients in a wide range of legal matters, with particular focus on advising investor and insurer clients on strategy and options, up to and including litigation, with respect to mortgage backed securities and mortgage derivatives, mortgage-related insurance products, and other complex financial instruments. Mr. Gradman has assisted RMBS bondholders in negotiating direction and indemnity agreements with securitization trustees; managed loan file recovery, review and putback efforts on behalf of investors and insurance companies; conducted securitization rights and potential recovery assessments; and litigated with securitization counterparties, including pursuing alter ego and successor-in-interest claims to enforce judgments against responsible parent corporations. Isaac is currently focused on assisting investors in enforcing the obligations of RMBS sponsors, trustees and servicers.
While practicing as a commercial litigator at Arnold & Porter (formerly Howard Rice) in San Francisco, Mr. Gradman was involved in some of the earliest litigation arising from the subprime mortgage crisis, including the representation of PMI Mortgage Insurance Co. in a suit against WMC Mortgage Corp. and its parent, GE Money Bank, over misrepresentations relating to a $1 billion pool of subprime mortgages. In 2008, he launched The Subprime Shakeout law blog, where he has been covering the latest MBS litigation developments for over four years. In 2011, Mr. Gradman founded Gradman Law, where he represented clients in loss mitigation, litigation and putback efforts in connection with mortgage derivatives and insurance products. Mr. Gradman joined Perry Johnson in October 2012.