REFinBlog

Editor: David Reiss
Brooklyn Law School

A Member of the Law Professor Blogs Network

June 29, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Massachusetts’s federal court found that a unit of Deutsche Bank AG failed to vet some residential mortgage-backed securities, which mislead Massachusetts Mutual Life Insurance Co. US Bank filed an amended complaint claiming that Citigroup Global Markets Realty Corp. and CitiMortgage … Continue reading

June 25, 2015

SCOTUS Upholds Disparate Impact

By David Reiss

The United States Supreme Court held today that disparate-impact claims are cognizable under the Fair Housing Act in Texas Department of Housing and Community Affairs et al. v. The Inclusive Communities Project Inc., (No 13-1371). The conventional wisdom had been that the … Continue reading

June 15, 2015

AIG’s “Victory” and the GSE Litigation

By David Reiss

Court of Federal Claims Judge Wheeler issued an Opinion and Order in Starr International Company, Inc. v. United States, No. 11-779C (June 15, 2015), the case that Hank Greenberg brought against the government over the terms of the bailout of … Continue reading

Monday’s Adjudication Roundup

By Shea Cunningham

The CFPB increased PHH Corp.’s penalty to $109 million from $6.4 million on appeal, while upholding an administrative judge’s ruling that the firm was involved in a mortgage insurance kickback scheme. A class of PHH borrowers have been granted cert … Continue reading

June 1, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

NY Federal Court ended the suit against US Bank and Bank of America brought by Blackrock and NCUA for failure to properly oversee residential mortgage-backed security trusts finding that most of the trusts fell under state law. Deutsche Bank, Morgan … Continue reading

May 27, 2015

Seeking Justice Through Litigation

By David Reiss

Judge Caproni (SDNY) issued an Opinion and Order in Adkins v. Morgan Stanley, No. 12-CV-7667 (May 14, 2015). It opens, This is one of many cases arising out of the collapse of the housing market. This one comes with a twist: … Continue reading

May 21, 2015

AG Lynch on Wall Street

By David Reiss

Institutional Investor quoted me in Will New Attorney General Loretta Lynch Shake up Wall Street? It opens, Those unhappy with the lack of personal accountability for the 2008–’09 financial crisis are running out of time to see justice served: In … Continue reading