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NCSLT Litigation Moratorium? – Expect confusion, inconsistent implementation, and need for follow-up
22 Sep 2017, 2:27 pm
But even if there were no question as to reliability of payment histories extracted from the servicer’s account management system, different jurisdiction may have different rules regarding the accrual-of-claim date for limitations purposes (Does the breach/default occur when the first monthly installment payment is not made, or is it based on the last payment that was received and credited? [read post]
31 Oct 2018, 2:20 pm
Nat’l Collegiate Student Loan Trust and related litigation: GSS Data Services, Inc. and Wilmington Trust Company win dismissal of law firm's suit brought against them in New York over NCSLT-related legal work (Sep. 21, 2018) Update on Wrangle over NC Trust Asset Control: Delaware Magistrate okays Odyssey's designation as servicer of 6 Trusts in row between Indenture Trustee U.S. [read post]
5 Nov 2018, 3:32 pm
In its opinion, the court equated the securitization Trust with the lender and referred to it as such. [read post]
9 Aug 2011, 8:36 am
Fail to reinvest in the asset Not only has Mr. [read post]
31 Dec 2017, 5:12 pm
TAGS: CFPB, Leandra-English-v-Mulvaney-and-President-Trump-CFPB-Leadership-Fight – posted on 11/27/17Okay for debt collector to execute on debtor's FDCPA claim against it as a debtor asset, then dismiss it? [read post]
18 Jun 2012, 5:28 am
An older woman that I talked to fairly recently was telling me how she had spent almost ten grand on forensic audit, a securitization audit, and even a credit default swap audit… which was really funny to hear about, but of course I didn’t laugh at her having bought such a preposterous thing… how was she supposed to know? [read post]
6 Apr 2010, 1:58 am
I was only away from the office for a few days last week, but while I was away, an absolute cascade of dismissal motion rulings in subprime and credit crisis-related securities cases arrived. [read post]
15 Aug 2019, 11:24 pm
It also ended Wall Street's appetite for Marblehead SLABS (Student Loan Asset Backed Securities). [read post]
9 Aug 2018, 6:21 pm
GOLDEN, Plaintiff,v.JP MORGAN CHASE BANK, NATIONAL COLLEGIATE TRUST, FIRSTMARK SERVICES, GOLDEN TREE ASSET MANAGEMENT LP, GS2 2016-A (GS2), NATIONAL COLLEGIATE STUDENT LOAN TRUST 2005-3, NATIONAL COLLEGIATE STUDENT LOAN TRUST 2006-4, PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY D/B/A AMERICAN EDUCATION SERVICES, Defendants.Case No. 16-40809-ess, Adv. [read post]
