Defense of Loan Originators and Sellers in Complex Mortgage Repurchase Litigation
Loan Originators and Sellers
Defense of eight loan originators and sellers in the RFC and ResCap Liquidating Trust Litigation. The six dozen 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 the sale of billions of dollars' worth of mortgage loans which were pooled by the plaintiff into mortgage-backed securities.
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Enza G. Boderone
Of Counsel
Philip R. Stein
Partner, Litigation Practice Group Leader
Shalia M. Sakona
Associate
Desiree Fernandez
Associate
Jerry Goldsmith
Associate
Kenneth Duvall
PartnerMORE EXPERIENCE
Experience
Representation of one of the country's largest special servicers regarding its consent to transfer all beneficial ownership interests in several borrowers to a company that became a publicly traded REIT pursuant to a $400 million IPO. The REIT owns over 1,000 properties leased to over 150 single pro...
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...