Philip R. Stein

Philip R. Stein

Bilzin Sumberg Baena Price & Axelrod LLP

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Wells Fargo Ends Marketing Services Arrangements with Builders

Concerned about “increasing uncertainty surrounding regulatory oversight of these types of arrangements,” Wells Fargo is ending all of its roughly 200 mortgage marketing services and desk rental agreements with builders and...more

8/11/2015 - Banking Sector Banks Borrowers CFPB Construction Industry Consumer Lenders Financial Institutions Financial Services Industry Home Buyer HUD Kickbacks Lenders Loans Mortgage Servicers Mortgages Real Estate Brokers Real Estate Market Regulatory Oversight RESPA Wells Fargo

Judge Limits Damages Recoverable On Repurchase Claims

In an opinion refusing to dismiss a lawsuit by several RMBS mortgage trusts in connection with $1.6 billion of mortgage loans, Judge Harold Baer, Jr. of the U.S. District Court for the Southern District of New York, held that...more

8/26/2013 - Damages Loans Repurchases RMBS

Important Buyback Victory

There was a very favorable development recently in one of my buyback cases. The federal district court in Miami issued a final order that has great potential application to other buyback suits, whether already pending or...more

1/17/2013 - Buyback Litigation Lehman Brothers Loans Offer of Proof

Countrywide’s Dilemma

How can Countrywide/B of A even keep a straight face when it argues that correspondent lenders need to pay it outrageous amounts of money to settle claims for actual or potential losses?...more

12/17/2012 - Countrywide Loans RMBS

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