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Tag Archives: Residential Mortgage-backed securities

Bankruptcy Judge Backs Lehman Brothers in RMBS Suit

A New York bankruptcy judge has ruled that Lehman Brothers Holdings, Inc. will have to pay around $2.4 billion to investors in order to settle disputes over toxic residential mortgage-backed securities (RMBS) sold by the bank during the financial crisis. ...

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Smaller Banks Picked up RMBS Slack in Q3

The third quarter of 2017 saw many of the larger bank servicers scaling back their portfolios of residential mortgage-backed securities (RMBS), while smaller regional banks and non-bank servicers moved to seize the opportunity, as reported by Fitch Ratings’ latest RMBS ...

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Counsel’s Corner: Who Pays the Tab in an RMBS Suit?

Hector Torres, co-founding partner with Kasowitz, Benson, Torres and Friedman LLP, discussed with DS News a court ruling that decided who was responsible for attorneys' fees in a case where the trustee of two pools of failed RMBS sued the deal sponsor.

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