Victories on Dispositive Motions in High-Stakes Mortgage Litigation

Various Mortgage Companies
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 financial crisis. We won eight summary judgments and motions to dismiss in federal and state courts in cases of this type from 2013 through 2015. Six of the victories, the only ones appealed, were affirmed on appeal in January 2016 by the United States Court of Appeals for the Tenth Circuit.
Related Topics
Related Practices
RELATED PEOPLE
Philip R. Stein

Philip R. Stein

Partner, Litigation Practice Group Leader
Enza G. Boderone

Enza G. Boderone

Of Counsel
Shalia M. Sakona

Shalia M. Sakona

Associate
MORE EXPERIENCE
Experience
US Homes applied for and received zoning approval of a 1,500-unit residential community in Lee County, Florida; the neighbors challenged the approval in court. We represented US Homes in the appeal and subsequent remand, obtaining a favorable resolution to the matter for our client.
Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
Experience
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...
VIEW MORE EXPERIENCE