Alison Frankel: Rest easy, MBS investors: You’re protected in mortgage...
Alison Frankel: Asking investors in mortgage-backed securities to trust the banks that issued them is like asking Charlie Brown to trust Lucy van Pelt. MBS noteholders are so convinced they’ve been...
View ArticleShareholders and robosigning: Is Wells Fargo ruling a portent?
This is interesting since all responsible for Foreclosure Fraud are being investigated or sued for some breach of fiduciary duty including LPS for robosigning, whom by the way executed most of the...
View ArticleJudge in SEC’s Bear Stearns case catches Rakoff fever w/ Transcript
Alison Frankel- U.S. District Judge Frederic Block of Brooklyn federal court will probably, in the end, approve a $1 million settlement between the Securities and Exchange Commission and former Bear...
View Article2nd Circuit greenlights novel vehicle for BofA’s MBS settlement
Alison Frankel- Way back in June, a day or so after Bank of America announced its proposed $8.5 billion settlement with Countrywide mortgage-backed securities investors, I wrote about the very peculiar...
View ArticleYVES SMITH: The Legal Lie at the Heart of the $8.5 Billion Bank of America...
H/T Abigail – If you had any doubts about whether ‘your’ federal gov’t works for you or BofA, read Yves Smith’s latest: One in a while, you can discern a linchpin lie on which other important lies...
View ArticleNew MBS twist: Sand Canyon sues servicer for releasing loan info
Alison Frankel- Just when you think you’ve seen it all in mortgage-backed securities litigation, along comes the likes of Sand Canyon to prove you wrong. The onetime California mortgage lender, which...
View ArticleCOMPLAINT | Sand Canyon Corp. v. American Home Mortgage Servicing, Inc
SUPREME COURT OF NEW YORK Sand Canyon Corporation, Plaintiff v. American Home Mortgage Servicing, Inc. Defendant Scribd © 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
View ArticleMBS damages: making cents of the $32 million Deutsche Bank deal
Alison Frankel- Ordinarily, a $32.5 million settlement of a securities class action against Deutsche Bank wouldn’t get much attention. But when the case is based on mortgage-backed securities and it’s...
View ArticleBig news in BofA MBS litig: Kapnick tosses Walnut vs Counrtywide case
Alison Frankel via Reuters Legal/ On the Case is working on this story. Please check back. Scribd © 2010-14 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.
View ArticleAlison Frankel | Securities lawyers beware: The SEC may be coming after you
Alison Frankel- If you’re a lawyer who advises securities issuers, there was an ominous confluence of events Friday. Kenneth Lench of the Securities and Exchange Commission’s Enforcement Division said...
View ArticleAlison Frankel: Why NY businesses should worry about BofA’s new MBS defense
Reuters Legal- U.S. District Judge Mariana Pfaelzer of federal court in Los Angeles is poised to deliver a ruling in AIG’s mortgage-backed securities case against Countrywide that could have an impact...
View ArticleDoes Pauley’s BNYM ruling spell new liability for MBS trustees?
Alison Frankel- Beth Kaswan of Scott + Scott has the fervor of a pioneer when she talks about the implications of U.S. District Judge William Pauley‘s ruling Tuesday that her client, a Chicago police...
View ArticleAlison Frankel: NY AG’s curious new bid to intervene in $8.5 bl BofA MBS deal
Reuters Legal- New York Attorney General Eric Schneiderman still wants a say in whether Bank of America’s proposed $8.5 billion settlement with Countrywide mortgage-backed securities investors should...
View ArticleAlison Frankel: Will 2nd Circuit remake AIG’s MBS case against BofA?
REUTERS LEGAL- Mortgage-backed securities litigation has been very good for some of the most obscure laws on the books. I’ve already mentioned the starring role the unheralded statute of repose has...
View ArticleAlison Frankel: How BofA could lose big if it wins MBIA regulatory challenge
Alison Frankel’s On The Case- I’ve spent a lot of time talking about what I consider Bank of America’s risky gamesmanship in its multi-pronged litigation with the bond insurer MBIA, but it may be that...
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