ABS Update, published by Lundin PLLC, focuses on legal developments and court decisions related to asset-backed securities (ABS) litigation, particularly in the context of residential mortgage-backed securities (RMBS). The blog covers topics such as enforcement of indenture provisions, notice requirements for put-back claims, trustee obligations regarding representations and warranties breaches, limitations on champerty claims, and procedural issues like statute of limitations and notice timing in RMBS litigation. It analyzes rulings from New York courts, including the Commercial Division and appellate courts, providing insights into contractual interpretation, trustee duties, and litigation strategy in ABS and RMBS contexts.