$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

Philip R. Stein

Partner, Litigation Practice Group Leader
Kenneth Duvall

Kenneth Duvall

Partner
Benjamin Mitchel

Benjamin Mitchel

Associate
Jake M. Greenberg

Jake M. Greenberg

Associate
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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...

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...
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