New Precedent that Holds Banks Responsible?

As claims based on pre-2008 loans sold and securitized in residential mortgage-backed securities (RMBS) trusts are still being resolved, industry analysts are bracing for a new wave of indemnification claims and put-back attempts. Credit Suisse Securities and Bank of America have both agreed to make...

Last week, the U.S. District Court for the Southern District of New York dealt a major blow to mortgage investors in two parallel actions pending for the past few years. The impact proved to be fatal to one of the actions, which was dismissed in its entirety. The other one was barely left standing. ...

2021 provided some long-awaited new exit ramps off the long and winding road of business vs. business residential mortgage litigation stemming from the 2007–08 financial crisis. Read more to learn about a multitude of recent settlements that have left that road far less congested than at any t...