Topic
repurchase demands
5 published works
The D&O Diary
Guest Post: New York’s Highest Court Brings Finality to RMBS Repurchase Claims
On June 11, 2015, in a closely watched case, the New York Court of Appeals, New York’s highest court, decided when the statute of limitations begins to run for claimants…
Mortgage Crisis & Financial Services Watch
Judge Limits Damages Recoverable On Repurchase Claims
“Purchase Price” used as contractual measure of damages In an opinion refusing to dismiss a lawsuit by several RMBS mortgage trusts in connection with $1.6 billion of mortgage loans, Judge…
Mortgage Crisis & Financial Services Watch
Gotcha! Originators Beware of Baseless Claims
Baseless Claims Just about every time I think that the demands being asserted on residential mortgage loan originators for mortgage loan "repurchases" or indemnification payments (on account of loans that…
Mortgage Crisis & Financial Services Watch
Residential Capital Files Bankruptcy: Part 2 of 2
ResCap and Ally Will Not Challenge Repurchase Claims In Part 1 of this series, we discussed the circumstances leading to the bankruptcy filing of Residential Capital (ResCap) , a residential…
Mortgage Crisis & Financial Services Watch
Countrywide’s Big-Bank Belligerence: Causation is Defense for Repurchase Demands by MBIA
Big Banks' Demand on Originators I'd be hard-pressed to find a lawyer who did not learn in his or her first weeks of law school that "causation" is a fundamental element of…