Beyond COVID-19’s impact on the public’s health and safety, massive unemployment and extreme economic uncertainty are causing a realignment of Americans’ financial priorities in ways that may shape the credit markets for years to come. This is especially true for those exposed to the most Continue Reading
Westlaw | How Subprime RMBS Can Prepare Us for Subprime Auto Litigation in the Time of COVID-19
As our readers know, as far back as 2017, we sounded the alarm on the parallels between pre-crisis residential mortgage-backed securities (RMBS) and today’s subprime auto ABS. Since then, we’ve shared the viewpoints of participants and analysts who have echoed reasons for concern and the Continue Reading
Consumer Financial Services Law Report | How Subprime RMBS Can Prepare Us for Subprime Auto Litigation in the Time of COVID-19
As our readers know, as far back as 2017, we sounded the alarm on the parallels between pre-crisis residential mortgage-backed securities (RMBS) and today’s subprime auto ABS. Since then, we’ve shared the viewpoints of participants and analysts who have echoed reasons for concern and the Continue Reading
Law360 | Oh, the Indemnity! New Claims May Follow RMBS Settlements
Oh, the Indemnity! Claims for Reimbursement May Follow RMBS Litigation Settlements
The Bottom Line The statute of limitations may have expired on new claims for repurchase or fraud based on alleged loan defects in pre-financial crisis subprime RMBS deals, but a settlement or litigation award paid out by a defendant may mark the beginning of a new six-year limitations period for Continue Reading