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Home » Topics » Agency MBS » Legal Actions

Legal Actions
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MBS Issuance Seen as Inflating Home Prices

June 25, 2026
Dennis Hollier
A property law expert said securitizing real property interests encourages home price inflation.
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Two Harbors Reserves Funds for Payment to Former Manager

June 5, 2025
Brandon Ivey
Two Harbors booked a nearly $200 million contingency liability after a court ruled that the REIT improperly ended a contract with its one-time external manager.
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GSE Shareholder Suit Nears End — Maybe

March 20, 2025
Dennis Hollier
Plaintiffs in Berkley Insurance v. FHFA may finally receive a $612.4 million jury award granted in August 2023.
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EBO Investor Prevails in Lawsuit Against Mr. Cooper

December 5, 2024
Brandon Ivey
An affiliate of Proprietary Capital won some significant rulings this week in a lawsuit against Mr. Cooper. The dispute involved early buyouts from Ginnie Mae MBS.
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A Sigh of Relief for Lender in Lawsuit Involving Underwriting

April 11, 2024
Brandon Ivey
A foreclosure action against a borrower for alleged mortgage fraud landed a Florida-based lender in court for punitive damages.
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IRS Qualifies REMIC Exchange Certificates as Stripped Bonds

January 11, 2024
James Dohnert
A new IRS private letter ruling outlined a case where exchange bond certificates from a REMIC or grantor trust would be considered a stripped bond under tax policy.
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New York Court Ruling Impacts MBS Clean-Up Call Practices

October 12, 2023
James Dohnert
In a case that could have far-reaching effects on MBS investors, a New York judge ordered a servicer to recalculate clean-up call termination prices to include deferred payments.
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Another Delay for New Margining Requirements

March 9, 2023
Dennis Hollier
FINRA said the implementation of the amended Rule 4210 can’t take place until the SEC formally rescinds a 2022 stay.
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Grapevine: Credit Suisse Update; Pricing Improves for CRT

February 9, 2023
Brandon Ivey and Dennis Hollier
Credit Suisse completed the first part of the sale of its securitized products group; tighter pricing for Fannie with latest CRT offering; SEC’s rating service report light on details; retrial in GSE shareholder case set for July; RMF’s planned securitization scuttled.
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Grapevine: Ginnie’s Budget Increases; DOJ Turns Down IG Referral

January 5, 2023
Brandon Ivey
Ginnie’s budget increases for FY 2023; Ginnie senior vice president found to have violated the Code of Federal Relations; Ginnie aligns eNote standards with GSEs; industry-driven FHA loss-mitigation proposals include some potential changes to Ginnie’s standards.
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