Defense of Mortgage Lending Affiliates for Major Homebuilders in Lawsuits Brought by FDIC

Mortgage Lending Affiliates of Major Homebuilders
Representation of mortgage lending affiliates for major homebuilders in defense of multiple lawsuits brought by the FDIC as Receiver for AmTrust Bank relating to alleged loan defects in connection with separate mortgage loan portfolios. Our clients were able to successfully settle the cases at mediation for a small fraction of what was being sought, well below settlements obtained by other defendants in identical cases brought across the country and below estimated costs of defense to trial.
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Melissa Pallett-Vasquez

Melissa Pallett-Vasquez

Partner, International Group Co-Chair
Philip R. Stein

Philip R. Stein

Partner, Litigation Practice Group Leader
Jerry Goldsmith

Jerry Goldsmith

Associate
Jennifer Junger

Jennifer Junger

Associate
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Experience
Representation of B piece and special servicer clients, handling in excess of $22 billion in new securitizations in 2013-14.
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Successful representation of California bank in complex mortgage foreclosure debt recovery action through state court and bankruptcy court in the Southern District of Florida, which resulted in the criminal indictment of the borrower´s principal for bank fraud.
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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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