Tag Archives: RMBS

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.

The six lawsuits filed by the FDIC involve the sales of 21 Countrywide residential mortgage-backed securities purchased by five failed FDIC-insured banks.

The SEC announced that the company and six senior executives will pay to settle charges that they "orchestrated a scheme to defraud investors."

How much has Chase paid in consumer relief to fulfill the obligations under its $13 billion RMBS settlement?

Bank of America has been fighting for nearly two years to reverse a $1.27 billion penalty over Countrywide's "Hustle" mortgage program. Why did an appellate court reverse that penalty on Monday?

NCUA Chairman Debbie Matz said that credit unions “are benefiting from an aggressive litigation strategy NCUA continues to follow in order to hold responsible parties accountable.”

The National Credit Union Administration passed a milestone for total amount collected from institutions for toxic RBMS saies.

This will be JPMorgan Chase's first house transaction (meaning the bank owns all of the mortgages in the deal) since the financial crisis.

For the most part, when being investigated over their pre-crisis residential mortgage-backed securities practices, the nation’s largest banks have come out having to pay billions of dollars in settlements and penalties.

The FDIC claims the investment banking firm sold toxic residential mortgage-backed securities to three failed banks.