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Residential Mortgage-Backed Securities Contract Disputes

Residential Mortgage-Backed Securities are financial instruments consisting of residential mortgages pooled together to form larger more complex financial commodities.
Orrick - Finance 20/20

New York Supreme Court Holds RMBS Claims Are Timely, But Accrual Provision Unenforceable

Orrick - Finance 20/20 on

On March 3, 2015, Justice Marcy S. Friedman of the New York Supreme Court granted in part and dismissed in part Defendant Greenpoint Mortgage Funding, Inc.’s Motion to Dismiss an action in which it was said to have...more

Orrick - Finance 20/20

First Department Affirms Dismissal of Ambac’s Contract Claims Against EMC

Orrick - Finance 20/20 on

On October 16, the Appellate Division, First Department of the Supreme Court of New York affirmed the dismissal of Ambac Assurance Corporation’s breach of contract claims against EMC Mortgage arising out of an RMBS...more

Orrick - Finance 20/20

New York Appellate Division Affirms Denial of Merrill Lynch’s Motion to Dismiss Repurchase Claims

Orrick - Finance 20/20 on

On June 17, New York’s Appellate Division, First Department intermediate appellate court affirmed the denial of Merrill Lynch’s motion to dismiss a repurchase suit brought by two RMBS Trusts. The plaintiff-trusts allege that...more

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