Settlement for Mortgage Company in Mortgage Loan Repurchase Litigation
Large Homebuilder
Representation of homebuilder captive mortgage company in litigation brought by the FDIC, demanding repurchase of or indemnification for mortgage loans sold to IndyMac Bank. The FDIC settled all loans at issue, as well as almost 2,000 other loans allegedly subject to breaches of representations and warranties.
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Partner, Head of Commercial Finance
Partner
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Representation as special litigation counsel for a trustee suing various entities who claimed to be secured debtholders owed money by the bankruptcy estate of a large financial services company. After years of litigation and extensive discovery, produced settlements whereby the defendants renounced ...
Representation of numerous local and regional banks, mortgage companies, homebuilder captive mortgage originators and others in the mortgage banking and financial services industry, involving billions of dollars in transactions, across the United States. Work included negotiating and closing loan pu...