Successful Settlement of RMBS Claims for National Mortgage Company
National Mortgage Company
Representation of a major national mortgage company in favorably settling multi-million dollar contractual indemnity claims against it brought by the Federal Deposit Insurance Corporation (FDIC), in its capacity as Receiver for Washington Mutual. The settled amount represented less than 15% of the value sought by the FDIC.
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Defense of ten loan originators and sellers in the RFC and ResCap Liquidating Trust Litigation. More than eighty suits comprising the consolidated action were brought by the successor to one of the largest private purchasers of mortgage loans, seeking repurchase and indemnification arising out of th...
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...
Representation of LV Lending LLC and its affiliates as lender or preferred equity investor in connection with the origination, servicing, and modification of over $100 million worth of mortgage loans and preferred equity investments.