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6 Jul 2011, 12:10 pm by admin
The settlement was reached with the Bank of New York Mellon, the trustee for the trust covered by the settlement. [read post]
29 Jun 2011, 12:51 pm by Alain Leibman
Toobin’s interest and fan support of the New York Mets, I asked him a question about Picard and the Wilpon/Katz Families. [read post]
29 Jun 2011, 10:24 am by Kevin LaCroix
  The deal itself involves a settlement with the Bank of New York Mellon as trustee to 530 RMBS trusts having an original principal balance of $424 billion and unpaid principal balance of $221 billion. [read post]
28 Jun 2011, 4:28 pm
Related Web Resources: Mortgage Executive Receives 30-Year Sentence, The New York Times, Jhttp://online.wsj.com/article/BT-CO-20110617-711800.htmlJune 30, 2011 Ex-Colonial Bank Executive Kelly Admits to Conspiracy in Taylor Bean Fraud, Bloomberg, March 16, 2011 Ex-Colonial Bank Exec Gets 8-Year Prison Sentence In $2.9B Fraud, The Wall Street Journal, June 17, 2011 More Blog Posts: Washington Mutual Bank Bondholders’ Securities Fraud Lawsuit… [read post]
27 Jun 2011, 6:00 am by Nathan Koppel
Morgan should pay $5.4 billion in damages; now, he wants a cool $19 billion in damages, according to an amended complaint he filed in federal court in New York, WSJ reports. [read post]
22 Jun 2011, 1:56 pm by hjabbar
Bank of America (BAC) moved to lift the automatic stay pursuant to 11 U.S.C. 362(d) so that it could proceed with a trustee sale of the property. [read post]
15 Jun 2011, 1:25 am by Mandelman
  And even though the bank’s response has been basically flowers in springtime, the New York and Delaware Attorneys General say they’re quite serious. [read post]
14 Jun 2011, 9:39 pm
MSMCH had acquired the mortgage loans and then transferred and pooled them to Morgan Stanley Capital Inc., which then transferred them to a trust that had LaSalle Bank National Association serve as a trustee. [read post]
9 Jun 2011, 7:25 am
The testimony led to one investor filing a lawsuit and New York Attorney General Eric Schneiderman is investigating mortgage securitizations by three banks, including Bank of America. [read post]
7 Jun 2011, 9:00 am by McNabb Associates, P.C.
The fabrication or circulation of counterfeit money either coin or paper, or of counterfeit public bonds, coupons of the public debt, bank notes, obligations, or in general anything being a title or instrument of credit; the counterfeiting of seals and dies, impressions, stamps, and marks of State and public administrations, and the utterance thereof. 9. [read post]
5 Jun 2011, 6:45 pm by Adam Levitin
The lack of Countrywide endorsements, combined with the bank's representation to the court that these documents are accurate copies of the original notes, calls into question the securitization of these loans, as well as Bank of New York's right, as trustee, to foreclose on them. [read post]
2 Jun 2011, 7:42 am by Kara OBrien
A brief summary of the key provisions of Section 21F and the new rules follows. [read post]
1 Jun 2011, 8:03 am by Keith Griffin
The Bank of New York Mellon Corp. and Wells Fargo Bank filed separate lawsuits against Securities America last month. [read post]
31 May 2011, 12:38 pm by Bankruptcy Attorney
A Mississippi bankruptcy court has ruled that when a promissory note provides for automatic acceleration triggered by the borrower’s bankruptcy, under New York law oversecured noteholders cannot collect a prepayment premium. [read post]
26 May 2011, 2:06 pm by Securites Lawprof
Bank of New York Mellon Corp. and Wells Fargo Bank, who were trustees for Medical Capital Holdings, have sued a number of broker-dealers that marketed the Med Cap private placement offerings, claiming that the broker-dealers sold the securities to investors... [read post]
18 May 2011, 6:53 pm
According to a May 15 column from New York Times business columnist Gretchen Morgenson, the United States Trustee Program found the abuses by examining foreclosures from bankruptcies in 88 judicial districts across the country. [read post]