Defense of Mortgage Lending Affiliates for Major Homebuilders
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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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...
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...
Representation of homebuilder captive mortgage company in litigation brought by the FDIC, demanding repurchase of or indemnification for mortgage loans sold to IndyMac Bank. The FDIC settled all loans at issue, as well as almost 2,000 other loans allegedly subject to breaches of representations and ...