A Busy Week in the ABS World
This has been a busy week in ABS news. The Court of Appeals heard oral argument in U.S. Bank v. DLJ on Tuesday. I will post links to the video Continue reading A Busy Week in the ABS World
Court of Appeals to Hear Reargument in U.S. Bank v. DLJ
On February 8, 2022, the Court of Appeals will hear reargument in U.S. Bank National Association v DLJ, APL-2020-18. The case issue statement describes the issues as: Contracts–Breach or Performance Continue reading Court of Appeals to Hear Reargument in U.S. Bank v. DLJ
Phoenix Light v. BoNYM Dismissed for Lack of Standing
Relying on the Second Circuit’s October 2021 decision in Phoenix Light v. U.S. Bank, which held that Phoenix Light lacked standing to sue U.S. Bank, the S.D.N.Y. dismissed Phoenix Light’s Continue reading Phoenix Light v. BoNYM Dismissed for Lack of Standing
NCUA Settles with HSBC
NCUA and HSBC have agreed to settle NCUA’s trustee claims against HSBC.
TIPs and a Trustee Decision
Here are two recently-filed TIP/Article 77 proceedings:Deutsche Bank has filed a trust instruction proceeding in Orange County, CA regarding the termination of seven INDX trusts: 2004-AR8, 2004-AR14, 2005-AR6, 2005-AR10, 2005-AR18, Continue reading TIPs and a Trustee Decision
RMBS Trustee Seeks Guidance on Forborne/Deferred Principal in Optional Terminations
Maclean Amlalo of the Oakleaf Group recently published an analysis for a recent trust instruction proceeding brought by Deutsche Bank regarding optional terminations.
RMBS Optional Terminations: A Closer Look into Forbearance Underpayments
Maclean Amlalo of the Oakleaf Group recently published an analysis of trust termination underpayments.
U.S. RMBS Market Prepares for the Cessation of LIBOR
Christine Brunie of the Oakleaf Group recently published a paper on LIBOR transition.
RMBS Trust Termination: Cleanup Call & Potential Conflicts
Maclean Amlalo of the Oakleaf Group recently published an analysis of trust terminations and potential conflicts.
JPM Article 77 Decision Affirmed
Today, the First Department affirmed all aspects of the JPM Article 77 decision by Justice Friedman. Continue reading JPM Article 77 Decision Affirmed