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The Eighth Circuit Raises the Bar for Would-Be Indemnitees
2 Jan 2018, 11:33 am by Philip R. Stein and Shalia M. Sakona
Application of holding to the mortgage industry: In the past several years, there has been a proliferation of lawsuits filed by private purchasers of mortgage loans and issuers of mortgage-backed securities (RFC/ResCap and Lehman Brothers Holdings, among others) against correspondent lenders that sold them loans. [read post]
Mortgage Crisis & Financial Services Watch - http://www.financialserviceswatchblog.com/