Search for: "Novastar Mortgage Funding Corporation" Results 1 - 6 of 6
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6 Oct 2011, 5:00 am by Doug Cornelius
Countrywide, Novastar, and Fremont all get ripped apart. [read post]
5 Apr 2009, 1:26 pm
For example, in June 2008, the SEC filed civil charges against two former portfolio managers for allegedly misleading investors and certain institutional counterparties about the financial state of Bear Stearns’ two largest hedge funds and their exposure to subprime mortgage-backed securities.[13] On the same day, the U.S. [read post]
9 Jan 2012, 12:58 am by Kevin LaCroix
To be sure, the dismissals of a number of other cases has been affirmed on appeal, including the dismissal in the NovaStar Financial case (refer here), Centerline (here);  Impac Mortgage (here); Home Banc Corporation (here); Regions Financial Corp. [read post]
9 Sep 2009, 2:52 am
Thus for example, in both the lawsuit that Luminent Mortgage Corporation filed against Merrill Lynch (refer here) and in the First Marblehead subprime-related securities class action lawsuit (refer here), the courts quoted with approval language from a prior RICO case in which the Second Circuit said "when the plaintiff’s loss coincides with a marketwide phenomenon causing comparable losses to other investors, the prospect that plaintiffs’ loss was… [read post]