January 26, 2015

Are Billions Enough?

By David Reiss

Jenner & Block has issued the Citi Monitorship First Report. By way of background, The Settlement Agreement resolved potential federal and state legal claims for violations of law in connection with the packaging, marketing, sale, structuring, arrangement, and issuance of … Continue reading

December 23, 2014

Reiss on Ocwen Settlement

By David Reiss

Law360 quoted me in New York’s Ocwen Deal Sets Tough Precedent For Regulators (behind a paywall). It reads in part, New York regulators ordered Ocwen Financial Corp. to pay $150 million in hard cash and barred the company from claiming … Continue reading

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