October 20, 2014

Reiss on Catching FIRREA

By David Reiss

Inside ABS & MBS quoted me in Experts: New AG Likely to Continue Aggressive Use of FIRREA Against Industry, Individual Executives Targeted (behind a paywall). It reads in part, Mortgage industry executives should be aware and expect continued – and … Continue reading

September 9, 2014

Reiss on FIRREA Penalties

By David Reiss

Bloomberg quoted me in S&P Faces Squeeze After $1.3 Billion Countrywide Fine. It opens, Standard & Poor’s (MHFI)’ chances of settling the government’s lawsuit over mortgage-bond ratings for less than $1 billion may have slipped away after Bank of America … Continue reading

August 27, 2014

Reiss on FIRREA Storm

By David Reiss

Law360 quoted me in Bold 10th Circ. Opinion Muddies FIRREA Challenges. The article opens, The Tenth Circuit last week gave a strong argument as to why a recent U.S. Supreme Court decision has no bearing on one federal agency’s ability … Continue reading

August 22, 2014

Reiss on $17 Billion BoA Settlement

By David Reiss

Law360 quoted me in BofA Deal Shows Pragmatism At Work On Both Sides (behind a paywall). It reads in part, Bank of America Corp.’s $16.65 billion global settlement over its alleged faulty lending practices in the run-up to the financial … Continue reading

August 4, 2014

TARP’s Smallish Rogues Gallery

By David Reiss

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) issued its Quarterly Report to Congress on July 30, 2014. There is a lot to digest in this 500+ page document, but I thought that readers … Continue reading

August 1, 2014

FHFA Wins on “Actual Knowledge”

By David Reiss

Judge Cote issued an Opinion and Order in Federal Housing Finance Agency v. HSBC North America Holdings Inc., et al. (11-cv-06189 July 25, 2014). The opinion and order granted the FHFA’s motion for partial summary judgment concerning whether Fannie and … Continue reading

July 30, 2014

Reiss on Big BoA FIRREA Penalty

By David Reiss

Bloomberg BNA quoted me in FIRREA-Fueled Penalty Against BofA Signals More Risk for Large Institutions (behind a paywall). It reads in part, A federal judge in New York ordered Bank of America to pay $1.26 billion in civil penalties to … Continue reading