REFinBlog

Editor: David Reiss
Brooklyn Law School

February 1, 2016

Rigged Justice

By David Reiss

The Office of Senator Elizabeth Warren has released Rigged Justice: 2016 How Weak Enforcement Lets Corporate Offenders Off Easy. The Executive Summary states, When government regulators and prosecutors fail to pursue big corporations or their executives who violate the law, … Continue reading

January 11, 2016

Monday’s Adjudication Roundup

By Shea Cunningham

New York state appeals court affirmed denying dismissal of claims against Morgan Stanley for fraud. Plaintiff bought $17 million in high-risk notes tied to residential mortgage-backed securities in a $500 million collateralized debt obligation that eventually were wiped out. Quicken … Continue reading

December 7, 2015

Equitable Subrogation in Mortgage Refinancing

By David Reiss

I am speaking on Equitable Subrogation in Mortgage Refinancing and Land Purchase Transactions in an ABA Professor’s Corner webinar on Wednesday with Professor Wilson Freyermuth of the University of Missouri School of Law. If this sounds like an esoteric topic, it is! … Continue reading

December 3, 2015

Reps and Warranties Mean What They Say

By David Reiss

The New York Appellate Division, 1st Department, issued a ruling in Bank of New York Mellon v. WMC Mortgage, 654464/12 (Dec. 1, 2015) that stands for the proposition that representations and warranties regarding mortgage-backed securities mean what they say and say … Continue reading

October 26, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

TCW Asset Management Co. will continue to face $128 million suit from investors for allegedly lying about the value of mortgage-backed securities. A court found that the City of Saratoga Springs failed to timely appeal in case over incorporation of … Continue reading

October 23, 2015

Systemic Servicing Failure

By David Reiss

Joseph A. Smith, Jr., the Monitor of the National Mortgage Settlement, issued An Update on Ocwen’s Compliance. It opens, I filed a compliance report with the United States District Court for the District of Columbia (the Court) today that provides the … Continue reading

September 14, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Bank of America, Wells Fargo & Citigroup cannot escape the City of Miami’s discriminatory lending suit, which caused a loss in city tax revenue. Texas federal judge sanctions the US Environmental Protection Agency for failure to turn over documents that … Continue reading