Defense of Loan Originators and Sellers in Complex Mortgage Contractual Indemnity Litigation

Loan Originators and Sellers

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 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

Enza G. Boderone

Of Counsel
Philip R. Stein

Philip R. Stein

Partner, Litigation Practice Group Leader
Shalia M. Sakona

Shalia M. Sakona

Associate
Jerry R. Goldsmith

Jerry R. Goldsmith

Associate
Kenneth Duvall

Kenneth Duvall

Partner
Adrian K. Felix

Adrian K. Felix

Partner
Ilana Drescher

Ilana Drescher

Associate
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Experience

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, plaintiff sought recourse for new lawsuits in the Southern District of New York. Over 100 companies are being s...

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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