BlackRock Inc., Pimco among plaintiffs against the bank alleging mishandling of trusts.
Read More »Judge Orders Deutsche to Face Subprime Mortgage Suit
U.S. District Judge Deborah Batts rejected Deutsche Bank AG (DBKGn.DE)’s bid to dismiss claims with respect to roughly $2.55 billion of securities sold in November 2007 and February 2008.
Read More »Counsel’s Corner: Look Out for Manufactured RESPA Lawsuits
Kirby McDonough, a member of Quarles & Brady's Commercial Litigation Practice Group, spoke with DS News about the growing number of “manufactured” lawsuits claiming alleged RESPA violations that have sprung up in the wake of the decline in foreclosures—and how to prepare yourself to deal with these types of lawsuits.
Read More »Plaintiffs Score a Victory in GSE Profit Sweep Suits
Why did a panel deny the FHFA's request to transfer four cases involving the GSE Profit Sweep to a district court in Washington, D.C.?
Read More »Judge Seeks More on GSE Profit Sweep
Depositions unsealed last month showed that key officials at the GSEs may have known they were about to be profitable in 2012. Now the judge wants to see more.
Read More »Independent Review Finds Accusations Against Ocwen ‘Baseless’
What exactly did a year-long analysis of Ocwen's servicing operations from an independent consulting firm reveal?
Read More »Mortgage Fraud? Not On Your Life, Quicken CEO Says
Quicken Loans CEO Bill Emerson is adamant in his denial of the Department of Justice's accusations.
Read More »Counsel’s Corner: The Battle Over GSE Profits is Raging
What is the outlook for the GSE shareholders' appeal of a lawsuit against the government over the sweep of GSE profits into Treasury that was previously dismissed in the D.C. District Court? Hamish Hume, partner with Boies, Schiller & Flexner, discusses all points of the case.
Read More »Counsel’s Corner: Challenge of CFPB’s Constitutionality Begins
The D.C. Circuit Court of Appeals heard oral arguments in the PHH Corp. v. CFPB case on Tuesday. Benjamin Diehl, partner with Stroock Stroock & Lavan, discusses the scope of the case and possible outcomes.
Read More »Is Government’s Defense in Fairholme Suit Valid?
The government claimed in 2012 that the GSEs were financially weak. Newly unsealed depositions may contradict this, however.
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