August 4, 2015
MERS Victorious
The U.S. Court of Appeals for the Third Circuit ruled in favor of MERS in Montgomery County v. MERSCORP, (August 3, 2015, No. 15-1219) (Barry, J.). MERS, for the uninitiated, is a national electronic loan registry system that permits its members to freely … Continue reading
August 4, 2015 in Upstream litigation | Permalink | No Comments
July 17, 2015
Bank Break-ins
Chris Odinet has posted Banks, Break-Ins, and Bad Actors in Mortgage Foreclosure to SSRN. The abstract reads, During the housing crisis banks were confronted with a previously unknown number mortgage foreclosures, and even as the height of the crisis has passed … Continue reading
July 17, 2015 in Upstream litigation | Permalink | No Comments
July 13, 2015
Monday’s Adjudication Roundup
The New York Court of Appeals overturned a lower court’s dismissal of suit against New York City, the New York Mets’ ownership group and The Related Cos., which had plans to build the Mets’ stadium on public parkland. The Court … Continue reading
July 13, 2015 in Upstream litigation | Permalink | No Comments
July 6, 2015
Monday’s Adjudication Roundup
Quicken Loans Inc. argues that its suit against the federal government is valid because it is more than just a fraud case. It claims that it is about broader issues with government housing programs. A class action suit against JPMorgan … Continue reading
July 6, 2015 in Upstream litigation | Permalink | No Comments
June 29, 2015
Monday’s Adjudication Roundup
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 29, 2015 in Upstream litigation | Permalink | No Comments
June 25, 2015
SCOTUS Upholds Disparate Impact
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 25, 2015 in Upstream litigation | Permalink | No Comments
June 15, 2015
AIG’s “Victory” and the GSE Litigation
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
June 15, 2015 in Upstream litigation | Permalink | No Comments
