Topic
Securitisation
464 published works
The D&O Diary
Upstreaming Subprime Losses
According to news reports (here), MBIA has filed a lawsuit breach of contract lawsuit in New York state court against Countrywide Financial Corp. (now part of Bank of America) alleging…
The D&O Diary
Subprime Litigation Players and Trends
While I have been keeping track of the subprime and credit crisis-related litigation as it has accumulated (refer here), it has been some time since I have undertaken a detailed…
Securities Law Prof Blog
Industry Initiatives to Increase Transparency in European Securitisation Markets Released
Nine European and global trade associations, including SIFMA, released Ten Industry Initiatives to Increase Transparency in the European Securitisation Markets in response to the European Council of Finance Ministers’ (ECOFIN)…
Financial Institutions Law Blog
Relief for Securitization Vehicles: Mortgage Modification under Foreclosure Prevention Programs
In a recently-issued Revenue Procedure (Rev. Proc. 2008-28), the IRS states that the modification of certain mortgage loans under foreclosure prevention programs involving, for example, interest rate reductions, principal forgiveness,…
Real Estate, Land Use & Environmental Law Blog
Relief for Securitization Vehicles: Mortgage Modification under Foreclosure Prevention Programs
By D. Matthew Richardson In a recently-issued Revenue Procedure (Rev. Proc. 2008-28), the IRS states that the modification of certain mortgage loans under foreclosure prevention programs involving, for example, interest…
Finance & Bankruptcy Law Blog
Relief for Securitization Vehicles: Mortgage Modification under Foreclosure Prevention Programs
In a recently-issued Revenue Procedure (Rev. Proc. 2008-28), the IRS states that the modification of certain mortgage loans under foreclosure prevention programs involving, for example, interest rate reductions, principal forgiveness,…
Securities Law Prof Blog
Securitization Forum Held in Vegas
The Fifth Annual Conference of the American Securitization Forum was held this week in Las Vegas, and the New York Times headline may say it all: Creators of Credit Crisis…
Securities Law Prof Blog
McKee Nelson’s Role in Securitization
A small law firm based in New York and D.C., McKee Nelson, made a name for itself by doing the legal work associated with bundling mortgage loans into securities. Since…
Securities Law Prof Blog
Ohio Federal Judge Finds Fatal Flaw in Securitization Pool
A federal district court judge in Ohio, one of the states with the highest number of foreclosures, dismissed 14 foreclosure cases brought by a Deutsche Bank affiliate that is the…
Securities Law Prof Blog
Kettering on Securitization
Securitization and Its Discontents: The Dynamics of Financial Product Development, by KENNETH C. KETTERING, New York Law School, was recently posted on SSRN. Here is the abstract:This article takes as…