Is Foreclosure Settlement Déjà Vu All Over Again?
Today, the Attorneys General of 49 states (with Oklahoma being the lone holdout) announced a record $26 billion settlement with the nation’s five largest servicers over false and fraudulent foreclosure...
View ArticleUnder AG Foreclosure Settlement, Servicers Get Credit for Things They’re...
Last week, District Court Judge Rosemary Collyer approved the Attorney General Foreclosure Settlement (“AGFS”) without a hearing, and without any objection from investors. According to the Judge, the...
View ArticleGuest Post: The Migratory Patterns of Yield-Hungry Investors
Editor’s Note: in this guest post, former bond insurance insider Steve Ruterman discusses important considerations for investing in private label MBS beyond credit risk analysis, including how...
View ArticleThe Top 5 RMBS Cases to Watch this Summer: No. 5 – Syncora v. EMC
As summer approaches and the weather turns warmer, RMBS litigation is also heating up, generating long-awaited precedent that will dictate how mortgage losses are likely to be allocated by the courts....
View ArticleInvestor End Games: All Is Not Well in the Garden
“As long as the roots are not severed, all is well. And all will be well in the garden.” - Chance the Gardener, Being There (1979) With Judge Barbara Kapnick announcing earlier this month that the...
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