$40+ Million Defense of Breach of RMBS Contract and Indemnity Claims

Mortgage Company

Representation of mortgage company in defense against breach of contract and indemnity claims made by a division of another major national mortgage company. The plaintiff claimed to be owed in excess of $40 million in the aftermath of its settlements of complex securities suits filed against it by leading institutional investors and insurers.

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Philip R. Stein
Practice Group Leader, Trial & Litigation
Kenneth Duvall
Partner & Assistant General Counsel
Benjamin Mitchel
Associate
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Experience
Defense of mortgage loan originators against claims brought throughout the country asserting over $500 million in cumulative damages. The cases were initiated by major financial institutions seeking repurchase of or indemnification for large volumes of residential mortgage loans sold before the 2008...
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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 ...
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Representation of mortgage company in its defense against a $270 million breach of contract and indemnification action. After defeats in similar cases in other federal and state courts, Lehman Brotherssought recourse for new lawsuits in the Southern District of New York. Over 100 companies are being...
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