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Home » Topics » Non-Agency MBS » Legal Actions

Legal Actions
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NY Judge Denies Plaintiff Use of Sampling Expert

December 5, 2019
George Brooks

Late last month, a Manhattan district court judge denied a plaintiff investor's motion to hire experts to perform statistical sampling analysis in a case involving legacy MBS.


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Former Deutsche Bank Executive Settles Subprime Lawsuit

November 21, 2019
Dennis Hollier
The case is one of the rare instances in which an individual has been held accountable for actions taken during the subprime mortgage crisis.
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NY Sets Six-Year Statute of Limitation Under Martin Act

October 17, 2019
Brandon Ivey
New York has set a six-year statute of limitation to bring charges under the Martin Act. The deadline issue has been a bone of contention in a court case between the state attorney general and Credit Suisse.
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Credit Card ABS Case Could Upend Industry’s Use of Preemption

August 22, 2019
Brandon Ivey
A class-action lawsuit against the issuer of a credit card ABS has the potential to eliminate the preemption banks rely on when contributing assets to MBS and ABS.
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Countrywide MBS Lawsuit May Set a Precedent

August 15, 2019
Brandon Ivey
Investors in interest-only tranches of Countrywide MBS are seeking to change the way payments are calculated.
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SEC Fines Hedge Fund Manager for Undervaluing MBS Holdings

June 27, 2019
Brandon Ivey
Deer Park Road Management Company was fined for undervaluing non-agency MBS in a hedge fund. The action is aimed at discouraging artificially smooth performance reporting.
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NY High Court Rules on Two Residential MBS Cases

March 8, 2019
George Brooks
The New York State Court of Appeals on Feb. 15 issued mixed rulings on two claims brought by a trustee against a seller and sponsor of three residential MBS trusts.
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