News & Analysis as of September 18, 2024

Mortgages › Trust Indenture Act

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

“Fair Value” and “Fair Value to the Obligor”

Bracewell LLP on 10/6/2022

The mortgage bond indenture (herein called a “Mortgage”) under which many electric and gas utility companies in the United States issue debt securities (herein generically called “bonds”) may be one of the most unloved...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 1/25/2017

The Journal reported yesterday that more than 6,000 Wells Fargo branches were routinely tipped off to inspections by internal risk monitors, a practice that allowed the bank’s sham-account scandal to go undetected for years....more

Claims Against RMBS Trustee U.S. Bank Partially Dismissed

Orrick - Finance 20/20 on 3/8/2016

On February 26, Judge Katherine B. Forrest of the U.S. District Court for the Southern District of New York denied U.S. Bank N.A.’s (“U.S. Bank”) motion to dismiss claims for breach of contract and violation of the Trust...more

FDIC Sues BNY Mellon For Alleged Failure As Trustee of RMBS

Orrick - Finance 20/20 on 8/24/2015

On August 19, 2015, the Federal Deposit Insurance Corp., acting as receiver for Guaranty Bank, filed suit against Bank of New York Mellon Corp. in New York federal court, alleging that BNY breached its duties as trustee of 12...more

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Mortgages › Trust Indenture Act

“Fair Value” and “Fair Value to the Obligor”

Your Daily Dose of Financial News

Claims Against RMBS Trustee U.S. Bank Partially Dismissed

FDIC Sues BNY Mellon For Alleged Failure As Trustee of RMBS

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