April 11, 2014
Reiss on BoA-FHFA Settlement
Inside The GSEs quoted me in BofA MBS Lawsuit Settlement Shrinks List of FHFA Defendants (behind a paywall). It reads, It’s only a matter of time before the remaining big bank defendants settle lawsuits filed by the Federal Housing Finance … Continue reading
April 11, 2014 in Government lawsuits | Permalink | No Comments
April 10, 2014
Reiss on Dimming of FIRREA
Inside MBS & ABS quoted me in Judge Recommends Dismissal of DOJ’s Fraud Case Against BofA, But It May Not End FIRREA Claims (behind paywall). It reads, A North Carolina federal magistrate has recommended that a Justice Department fraud case … Continue reading
April 10, 2014 in Government lawsuits | Permalink | No Comments
April 9, 2014
GSE Litigation Through Corporate Law Lens
Adam Badawi and Anthony Casey have posted The Fannie and Freddie Bailouts Through the Corporate Lens to SSRN. The paper takes a look at the bailouts as if they were simple insolvent private firms. This is a helpful thought experiment … Continue reading
April 9, 2014 in Government lawsuits | Permalink | No Comments
March 31, 2014
Reiss on Snuffing out FIRREA
Law360 quoting me in BofA Fight Won’t Blunt DOJ’s Favorite Bank Fraud Weapon (behind a paywall). It reads in part, A federal magistrate judge on Thursday put a Justice Department case against Bank of America Corp. using a fraud statute … Continue reading
March 31, 2014 in Government lawsuits | Permalink | No Comments
March 24, 2014
Is $50 Billion of Mortgage Relief Enough?
The National Mortgage Settlement Monitor issued his Final Crediting Report. The report states that In total, the servicers have provided more than $50 billion of gross dollar relief, which translates into more than $20 billion in credited relief under the … Continue reading
March 24, 2014 in Government lawsuits | Permalink | No Comments
March 14, 2014
No Justice for Mortgage Fraud
The Audit Division of the Department of Justice’s Office of the Inspector General has issued an Audit of the Department of Justice’s Efforts to Address Mortgage Fraud. One word for it — DEPRESSING: The Department’s inability to accurately collect data … Continue reading
March 14, 2014 in Government lawsuits | Permalink | No Comments
March 6, 2014
Reiss on Fannie/Freddie Suits
Bloomberg BNA quoted me in No Basis for Discovery by GSE Investors, Treasury Department, FHFA Memos Say. It reads [Reproduced with permission from BNA’s Banking Report, 102 BBR 417, 3/11/14. Copyright 2014 by The Bureau of National Affairs, Inc. … Continue reading
March 6, 2014 in Government lawsuits | Permalink | No Comments
