REFinBlog

Editor: David Reiss
Brooklyn Law School

June 15, 2015

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

April 13, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Bankrupt Washington Mutual settles in class action suit for $10 million after duping plaintiffs into taking out mortgages with low “teaser rates.” Goldman Sachs asks NY Federal Judge not to certify class action suit over its Abacus collateralized debt obligation, … Continue reading

April 9, 2015

Foreclosures and the Fair Debt Collection Practices Act

By David Reiss

Bloomberg BNA quoted me in Third Circuit Says Foreclosure Complaint May Serve as Basis for Claims Under FDCPA (behind a paywall). The article opens, A foreclosure complaint may form the basis of a Fair Debt Collection Practices Act (FDCPA) claim, the … Continue reading

March 16, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

BofA has asked a PA federal judge to dismiss a class action RICO suit alleging kickbacks from overpriced mortgage insurance claiming it is the same suit that was dismissed as time-barred by Third Circuit in October. Deloitte is potentially facing … Continue reading

March 9, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Shareholders of Deutsche Bank petitioned for cert to the U.S. Supreme Court to clarify the standard for a claim for pleading a fraudulent claim under Section 11 of the Securities Act of 1933 following the Second Circuit tossing their suit … Continue reading