January 2, 2014
Reiss on Cases To Watch In 2014
Law360 quoted me in Real Estate Cases To Watch In 2014. The story reads in part, The real estate market’s recovery from the financial crisis of the past few years has created a host of new issues — from contract disputes … Continue reading
January 2, 2014 in Upstream litigation | Permalink | No Comments
December 27, 2013
Individual Liability for RMBS Misrepresentations
Judge Cote (SDNY) issued an Opinion and Order in Federal Housing Finance Agency v. HSBC North America Holdings Inc, et al., 11-cv-06201 (Dec. 10, 2013). The opinion relates to the potential liability of individuals who signed various documents containing alleged … Continue reading
December 27, 2013 in Upstream litigation | Permalink | No Comments
December 26, 2013
Battle of the Mortgage Experts
Judge Saris of the United States District Court (D. Mass.) issued a Memorandum and Order in Massachusetts Mutual Life Insurance Company v. Residential Funding Company, et al., No. 11-30035-PBS (Dec. 9, 2013). The opinion addresses a battle of statistical experts … Continue reading
December 26, 2013 in Upstream litigation | Permalink | No Comments
December 20, 2013
More on Misrepresentation
NY Supreme Court Justice Schweitzer (NY County) issued a Decision and Order on a motion to dismiss in HSH Nordbank AG, et al., v. Goldman Sachs Group, Inc., et al., No. 652991/12 (Nov. 26, 2013) that builds on the NY … Continue reading
December 20, 2013 in Upstream litigation | Permalink | No Comments
December 13, 2013
Non-QM Mortgages Risks and Best Practices
Moody’s issued a report, Non-QM US RMBS Face Higher Risk of Losses Than QM, but Impact on Transactions Will Vary, that discusses the risk that what drug plan provides cozaar US RMBS backed by non-qualified mortgages (those that do not … Continue reading
December 13, 2013 in Upstream litigation | Permalink | No Comments
December 9, 2013
National Mortgage Settlement Update
Joseph A. Smith, Jr., the Monitor of the National Mortgage Settlement (NMS), has issued his Second Compliance Report (I blogged about an earlier report here) which has been filed in the District Court for the District of Columbia. According to … Continue reading
December 9, 2013 in Upstream litigation | Permalink | No Comments
December 3, 2013
Is Banks’ $200 Billion Payout from RMBS Lawsuits Enough?
S&P issued a brief, The Largest U.S. Banks Should Be Able To Withstand The Ramifications Of Legal Issues, that quantifies the exposure that big banks have from litigation arising from the Subprime Crisis: Since 2009, the largest U.S. banks (Bank … Continue reading
December 3, 2013 in Upstream litigation | Permalink | No Comments
