Expert Recognition for Isaac Gradman and The Subprime Shakeout

 

 

 

 

For media inquiries or speaking invitations, please send an email to inquiries<at>subprimeshakeout.com with details.

Selected Publications

• Isaac M. Gradman, “Cracks in the Foundation,” The American Lawyer, (Spring 2013 Litigation Supplement)
• William A. Frey, Way Too Big to Fail (Isaac M. Gradman ed., Greenwich Financial Press 2011).
• Isaac M. Gradman, “FDIC Sues LPS and CoreLogic Over Appraisal Fraud; Shows Investors Leaving Money on the Table,” The Big Picture (May 31, 2011).
• Isaac M. Gradman, “Who Really Owns the Mortgage on Your Home?” KCSG Television OnlineEdition (July 2010).
• Isaac M. Gradman, “Treasury Official Speaks Out About Excessive Risk Taking,” The Wall Street Cheat Sheet (October 2009).
• Isaac M. Gradman, “Constitutional Rights: Using Loss-Shifting to Reduce Foreclosures,” The Daily Journal, 7 (October 2009).
• Isaac M. Gradman, “Why Should Servicers Get A Safe Harbor? How One Investor’s Lawsuit Forced Bank of America to Seek Shelter in Washington,” Lombard Street (August 2009).
• Isaac M. Gradman, “Hot Under the White Collar: What the Rollercoaster in Sentencing Law from Blakely to Booker Will Mean to Corporate Offenders,” New York University Journal of Law & Business (Summer 2005).

Selected Professional Citations

• Proposed Citibank RMBS Settlement, “Expert Report of Bradford Cornell,” Bradford Cornell, footnotes 217, 227, 248, 249, Exs. K & P (December 8, 2014).
  
• Boston University Review of Banking and Financial Law, “The Future of Subprime Mortgage Markets,” Timothy Canon, 31 REV. BANKING & FIN. L. 16 (Fall 2011 & Spring 2012).

News Media

• Debtwire, “Experts sign off on USD 1.1bn Citi RMBS deal,” Allison Pyburn (December 10, 2014) (subscription only).
• Reuters, “Investor hopes rise for huge settlements in ex-Lehman RMBS,” Andrew Park (November 4, 2014).
• Bloomberg/Businessweek, “Virginia Sues 13 Banks for $1.15 Billion Alleging Fraud,” Andrew Zajac (September 16, 2014).
• Asset Securitization Report, “New Target for RMBS Lawsuits: the Trustees,” John Hintze (August 2014).
• Asset Securitization Report, “Appellate Decision on RMBS Breach Cases Imminent,” John Hintze, Vol. 14, No. 7, at 22 (July 2014) (subscription only).
  
• Debtwire, “Accrual provision may reopen trustee R&W suits against originators,” Andrew Park (July 9, 2014) (subscription only).
  
• Debtwire, “JPM putback deal could quash existing suits,” Andrew Park & Allison Pyburn (November 19, 2013) (subscription only).
  
• Bloomberg, “BlackRock Set for Final Clash with AIG on BofA Deal,” Chris Dolmetsch & David McLaughlin (November 17, 2013).
  
• LA Daily Journal, “Bank gamble pays off, but what comes next for Quinn?” Henry Meier (September 6, 2013) (subscription only).
  
• Bloomberg, “BofA Banker Sued by Regulator Later Joined Fannie Mae,” David Campbell, Jody Shenn and Phil Mattingly (August 14, 2013).
  
• International Finance Review (IFR), “JP Morgan faces criminal charges over mortgages,” Philip Scipio (August 10 to 16, 2013) (subscription only).
  
• New York Post, “Dirty Paperwork: NY AG eyeing BofA, Wells loan-mod suit,” Catherine Curran (July 20, 2013).
  
• Asset Securitization Report, “Clarity on Trustee Responsibilities Arrives Slowly,” John Hintze (July 2013) (subscription only).
  
• Bloomberg, “BofA $8 Billion Mortgage Deal Before Judge After 2 Years,” David McLaughlin and Hugh Son (June 3, 2013) (also available through the Washington Post).
  
• Wall Street Journal, “MBIA, Bank of America Settle Dispute” Liz Rappaport and Shayndi Raice (May 6, 2013) (available through Fox Business/Dow Jones Newswires without subscription).
  
• Wall Street Journal, “Banks Looking at $100 Billion Legal Tab,” (subscription only) Suzanne Kapner (March 26, 2013) (available through Yahoo without subscription).
  
• Debtwire, “Judge okay’s MBIA restructuring approval, boosts MBIA’s bargaining position” (subscription only) Sari Krieger (March 5, 2013).
  
• The Street, “Bank of America’s Reserves Face Fresh Skepticism,” Dan Freed (February 28, 2013).
  
• Huffington Post, “Mortgage Crisis Lawsuits Could Bring Hundreds of Billions in Losses for Big Banks,” Eleazar David Melendez (February 26, 2013).
• Bloomberg, “Bondholder Revenge Delayed Means $25 Billion Cost: Mortgages,” Jody Shenn (September 20, 2012).
  
• Reuters, “Wells, Morgan Stanley face investor claims on mortgage bonds,”  Rick Rothracker (September 19, 2012).
  
• Debtwire, “Banks face USD 590bn eminent domain threat, if plans survive,” Joy Wiltermuth (August 13, 2012) (subscription only).
  
• Reuters, “Clock ticking for mortgage claims for private investors,” Michelle Conlin (July 20, 2012).
  
• Inside Mortgage Finance, “Avalanche of MBS Litigation May Be Slowing Toward a Conclusion in 2012,” Rachel Kurzius (June 15, 2012) (full article by subscription only).
  
• Wall Street Unplugged, “Syncora Lawyers Could Clear Major Legal Hurdle Making JP Morgan Pay Billions in Putback Suits,” Teri Buhl (June 14, 2012).
  
• Bloomberg, “Bank Loan Bundling Investigated By Biden-Schneiderman: Mortgages,” David McLaughlin (May 3, 2012).
• Financial Times, “BofA’s expedited settlement proceeding could be restructured,” Sari Krieger (March 30, 2012).
• Financial Times, “BofA settlement clears legal hurdle,” Tom Braithwaite and Shahien Nasiripour (March 29, 2012).
  
• Debtwire, “WAMU senior noteholders seek to stymie RMBS putbacks,” Sari Krieger (March 21, 2012) (subscription only).
• New York Post, “Mortgage deal no ‘Ally’ of NY,” Catherine Curan (March 17, 2012).
• Inside Mortgage Finance, “Investors Worry About Their Holdings Under $25B Settlement,” Rachel Kurzius (March 16, 2012) (subscription only, full text available here)
• Naked Capitalism, “Robosigning Still Going on at Wells Fargo, Reports HUD Inspector General,” Matt Stoller (March 14, 2012).
• Firedoglake, “The Roundup for March 13, 2012,” David Dayen (March 13, 2012).
• Bloomberg, “Wells Fargo Seeks to Hand Off Its Mortgage-Repurchase Duties as Trustee,” Jody Shenn (February 24, 2012).
• Inside Mortgage Finance, “Lack of Servicer Compliance Detailed in New Report Continues Unabated,” Rachel Kurzius (February 24, 2012) (subscription only)
• Debtwire, “RMBS prices hold steady amid settlement news,” Joy Wiltermuth, John Wilen, Sari Krieger and Allison Pyburn (February 9, 2012) (subscription only).
• International Financing Review, “Tick-tock! US hastens crisis probes,” Adam Tempkin (February 4-10, 2012).
• Asset Securitization Report, “A New Wave of Mortgage Bond Litigation” Nora Colomer (cover story, February 2012) (subscription only).
• Reuters, “Wells Fargo in the crosshairs of mortgage-bond investors,” Adam Tempkin (January 5, 2012).
• Financial Times, “BlackRock, PIMCO turned backs on investor group in months leading up to USD $8.5bn BofA settlement,” Allison Pyburn (October 3, 2011).
  
• California Lawyer, “Saving BofA,” Thomas Brom (October 2011).
  
• New York Post, “$1T in sour notes,” Janet Whitman (September 10, 2011).
  
• Debtwire, “Seven petitions to intervene granted in BofA RMBS settlement; questions of scope, standing hang in the balance,” (subscription only) Allison Pyburn (August 23, 2011).
• Bloomberg, “BofA, Goldman Sachs Find State Mortgage Cases Hard to Shake,” Karen Gullo (July 29, 2011).
  
• Reuters, “Analysis: BofA mortgage pact draws glare from NY,” Andrew Longstreth (July 28, 2011).
  
• Debtwire, “BofA/BNY team up against Walnut Place; seek to halt discovery process,” (subscription only) Allison Pyburn (July 12, 2011).
• Bloomberg, “Countrywide Wages Victorious Tranche Warfare Against Investors,” Edvard Pettersson (July 8, 2011).
• San Francisco Chronicle, “Hear here,” (June 30, 2011).
• Bloomberg, “Moynihan’s 2-Cents-on-Dollar Mortgage Offer Faces Hurdle,” Jody Shenn (June 30, 2011) [article also appeared in San Francisco Chronicle].
• Reuters, “BofA $8.5 bln settlement likely faces legal fight,” Tom Hals (June 29, 2011).
• The Wall Street Journal, “BofA Nears Big (Very Big) Settlement,” Nathan Koppel (June 29, 2011).
• Bloomberg, “Bank of America Said to Near $8.5 billion Settlement With Bondholder Group,” Hugh Son, Jody Shenn and Christopher Condon (June 28, 2011).
  
• TIME, “NY AG Investigation: Why Haven’t Wall Streeters Gone to Jail?,” Stephen Gandel (May 19, 2011).
• Bloomberg Businessweek, “JPMorgan Said to Face SEC Subpoena Along with Credit Suisse,” Jody Shenn, Shannon D. Harrington and Karen Freifeld (May 5, 2011).
• Reuters, “AIG seeks to recoup billions it says it lost to fraud,” Tom Hals (April 28, 2011).
  
• Bloomberg Businessweek, “Bear Stearns Thrives in Wall Street Diaspora Giving 4% to Sheryl Crow Tune,” Jody Shenn (March 16, 2011) .
• American Banker, “MBS Due Diligence Files May Compound Banks’ Legal Risks,” Alex Ulam (March 14, 2011).
• San Francisco Business Times, “Bank of America sued by investors over mortgage bonds,” Mark Calvey (February 24, 2011).
• Bloomberg Businessweek, “Bank of America Sued by Investors Seeking to Unload Loans,” David McLaughlin and Jody Shenn (February 23, 2011).
• NERA Economic Consulting, “Is Mortgage Underwriting to Blame for Subprime Losses?,” Paul Hinton and Dr. Ethan Cohen-Cole, n. 44, 46 and 75 (February 17, 2011) (Subprime Shakeout cited as source).
• Servicing Management, “When Worlds Collide: Investors Question Servicer Intent,” John Clapp (February 2011).
• Credit Slips, “Clash of the Titans: RMBS Edition,” Adam Levitin (January 19, 2011).
• Bloomberg Businessweek, “JPMorgan Refused Mortgage Repurchases It Also Sought, Ambac Says,” Jody Shenn, Patricia Hurtado and Prashant Gopal (January 24, 2011).
• MortgageOrb.com, “Analysts Weigh Impact of Mass. Court Decision” (January 10, 2011).
• Bloomberg Businessweek, “Fed’s ‘Pit Bull’ Takes on Bank of America in BuyBack Battle,” Thom Weidlich, Laurel Brubaker Calkins and Jody Shenn (October 26, 2010).
• The Washington Post, “Mortgage Scandal Boosts Investors’ Campaign to get Banks to Buy Back Securities,” Jia Lynn Yang (October 26, 2010).
• Crain’s New York Business, “Free and clear? Don’t bank on it,” Aaron Elstein (October 24, 2010).
• The Stamford Advocate, “Investors bemoan Blumenthal’s role in predatory-lending settlement,” Neil Vigdor (October 23, 2010).
• Bloomberg Radio, “The Hays Advantage,” Kathleen Hays (October 22, 2010).
• The Wall Street Journal, “Regulator for Fannie Set to Get Litigious,” Nick Timiraos (October 21, 2010).
• A slice of lime in the soda, “BofA’s legal predicament,” Felix Salmon (October 20, 2010).
• Debtwire, “BlackRock, PIMCO et al demands to Countrywide, Bank of New York amount to ‘dog with no teeth,’ sources say,” (subscription only) Allison Pyburn (October 20, 2010).
• Bloomberg Businessweek, “Pimco, NY Fed Said to Seek BofA Repurchase of Mortgages,” Jody Shenn (October 19, 2010).
• Inside Nonconforming Markets, “Non-Agency Rep/Warrant Claims Likely to Increase” (September 3, 2010).
• The Daily Journal, “Such a Deal!” Pamela MacLean (September 1, 2010).
• “Mortgage Repurchases Part II: Private Label RMBS Investors Take Aim – Quantifying the Risks” Compass Point Research & Trading (August 17, 2010) (Subprime Shakeout cited as source).
• California Lawyer, “The Dream Deferred,” Thomas Brom (May 2010).
• The Volokh Conspiracy, “Why should the government buy toxic assets?,” Eric Posner (January 19, 2009).

Presentations, Roundtables & Webinars

• “Ocwen and the Future of Mortgage Servicer Litigation,” GLG Teleconference (January 14, 2015).
• “Mortgage-Backed Securities Litigation: New Theories, New Defendants,” Strafford Webinar (slide presentation available here) (January 7, 2014).
• “RMBS Putback Litigation Year-in-Review,” AMI Investor Conference, New York NY (October 22, 2013).
• “Bank of America: Mortgage legal risk conference call,” Credit Agricole Securities, hosted by Mike Mayo (CLSA) (February 25, 2013).
• “Mortgage-Backed Securities Litigation: Latest Developments: Pursuing and Defending Investors, Issuers, Underwriters and Other Stakeholders in MBS Claims,” Strafford Webinar (slide presentation available here) (November 15, 2012).
• “Meet & Greet/Book Signing for Way Too Big to Fail,” Copperfield’s Books, Petaluma, CA (June 16, 2012).
• “Trends and Forecasts in Mortgage Backed Securities Litigation,” State Bar of California Business Law Section, Consumer Financial Services Committee (February 16, 2012).
• “The Subprime Shakeout: Trends and Forecasts in MBS Litigation,” San Francisco Bank Attorneys Association (December 5, 2011).
• “Mortgage Litigation Update: What You Should Be Watching,” Gerson Lehrman Group Teleconference (October 10, 2011).
• “Battling Buybacks: The Mortgage and Bond Insurance Angle,” Inside Mortgage Finance Webinar (October 7, 2011).
• “Mortgage Repurchase Risks,” & “Mortgage Repurchase Risks Update,” Compass Point Research & Trading, LLC Conference Calls (August 2010 & May 2011, respectively).
• “Mortgage Finance – Origination, Servicing and Foreclosure,” Gerson Lehrman Group Roundtable, San Francisco, CA (March 2, 2011).
• “Investor Putbacks, MERS & the Capital Markets,” Midwinter Housing Finance Conference, Park City, UT (February 10, 2011).
• “The Foreclosure Crisis – RMBS and Associated Liability Risk,” Gerson Lehrman Group Teleconference (October 19, 2010).