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Philip R. Stein

Philip R. Stein

Bilzin Sumberg Baena Price & Axelrod LLP


Latest Posts › Settlement

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Bank of America Settles Class Action Brought By Mortgage Investors

Bank of America has agreed to settle a class-action lawsuit brought by investors who claimed they were misled by its Countrywide unit into buying risky mortgage securities. Bank of America acquired Countrywide Financial, a...more

4/22/2013 - Bank of America Class Action Investors Mortgages Settlement

Big Banks Fail 2012 Fannie Mae Star Program

According to a report released Tuesday by Fannie Mae, the big banks who love to act like “injured innocents” when it comes to making mortgage repurchase and indemnification demands on loan originators had their own...more

4/12/2013 - Bank of America Citigroup Fannie Mae Indemnification JPMorgan Chase Mortgage Loan Originators Mortgages Repurchases Settlement

Mortgage Foreclosure Settlement

We have long been skeptical of most loan “repurchase” or “indemnification” demands made by big banks against the third-party originators (i.e., correspondent lenders) who sold those loans to the big banks many years ago....more

1/10/2013 - Aurora Bank of America Chase Bank Citibank Countrywide Foreclosure Mortgages Settlement SunTrust US Bank Wells Fargo Wrongful Foreclosures

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