News & Analysis as of

Residential Mortgage-Backed Securities ResCap

Residential Mortgage-Backed Securities are financial instruments consisting of residential mortgages pooled together to form larger more complex financial commodities.
Orrick, Herrington & Sutcliffe LLP

Orrick's Financial Industry Week in Review

Bank of America and Merrill Lynch Settle RMBS Lawsuit with FDIC - On November 17, Bank of America and Merrill Lynch settled securities claims brought by the FDIC related to RMBS sold to United Western Bank. The FDIC,...more

Orrick - Finance 20/20

ResCap’s Claims Against Mortgage Originators in Minnesota Will Proceed

Orrick - Finance 20/20 on

On November 12, Judge Susan Richard Nelson of the United States District Court for the District of Minnesota declined to dismiss claims by the Residential Capital LLC (ResCap) bankruptcy trust against six mortgage...more

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