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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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.
Defense of a national savings bank against a $25 million contractual indemnification lawsuit filed in federal court in New York City. The lawsuit involved mortgage-backed securities and claims by the plaintiff of misrepresentations by our client regarding a portion of the assets that were securitize...

