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NY Appellate Court Reverses Decision on Statute of Limitations for Mortgage Buyback Claims

On December 19, 2013, correspondent lenders were the beneficiaries of a long-awaited common sense ruling on when the statute of limitations begins to run under New York law for purposes of a mortgage buyback claim. The...more

12/24/2013 - Buyback Programs Data Breach Plans Lenders Misrepresentation Mortgages Putback Claims Real Estate Market Repurchases Statute of Limitations Tolling

New Precedent that Holds Banks Responsible?

The legal press is abuzz with reports of a New York federal judge’s award of a $90.1 million judgment to mortgage insurer Assured Guaranty Corp. after a lengthy trial in its suit against Flagstar Bank FSB....more

2/11/2013 - Assured Guaranty Corp. Banks Flagstar Bank Misrepresentation Mortgage-Backed Securities RMBS

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