AMBAC Sues Bear Stearns Subsidiary For Shoddy Underwriting
Mortgage insurance company Ambac Assurance Corp. has become the latest plaintiff to bring a lawsuit against a mortgage originator for improper underwriting, suing Bear Stearns subsidiary EMC Mortgage...
View ArticleAmbac Drops Bombshell Proposed Amended Complaint on JP Morgan, EMC
In a pleading filled with allegations that can only be described as shocking, Ambac has accused Bear Stearns and its former subsidiary EMC Mortgage (both now owned by JP Morgan) of a parade of...
View ArticleTop Five Reasons that MBS Lawsuits Are Just Beginning
After a few quiet months in the world of mortgage crisis litigation, we have seen a flurry of activity over the last six weeks that should put to rest speculation that mortgage derivative lawsuits are...
View ArticleThe Government Giveth and It Taketh Away: The Significance of the Game...
It is no stretch to say that Friday, September 2 was the most significant day for mortgage crisis litigation since the onset of the crisis in 2007. That Friday, the Federal Housing Finance Agency...
View ArticleFederal Judge Refuses to Narrow Mortgage Putback Claims, Paving Way for...
It has been just over a month since I published my series on the Top 5 RMBS Cases to Watch this Summer. In case you missed it, here’s a quick recap of my top five cases: No. 5 – Syncora … Continue...
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