January 29, 2015
Krimminger and Calabria on Conservatorships
By Michael Krimminger and Mark Calabria have shared The Conservatorships of Fannie Mae and Freddie Mac: Actions Violate HERA and Established Insolvency Principles. The paper opens, When the Federal Housing Finance Agency (“FHFA”) was appointed conservator for Fannie Mae and … Continue reading
January 29, 2015 in 2013 | 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 2013 | Permalink | No Comments
March 28, 2014
Tough Row to Hoe for Frannie Shareholders
Inside Mortgage Finance quoted me in a story, GSE Jr. Preferred Shareholders Have a Tough ‘Row to Hoe’ in Winning Their Lawsuits (behind a paywall). It reads, Expect a long and winding legal road to resolution of investor lawsuits challenging … Continue reading
March 28, 2014 in 2013 | Permalink | No Comments
January 22, 2014
S&P’s Fightin’ Words
S&P filed a memorandum in support of its motion to compel discovery in the FIRREA case that the United States brought against S&P last year. S&P comes out fighting in this memorandum, arguing that the “lawsuit is retaliation for S&P’s … Continue reading
January 22, 2014 in 2013 | 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 2013 | 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 2013 | 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 2013 | Permalink | No Comments
