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Results: 1-10 of 775

Federal Housing Finance Agency proposes new rules on lender-placed insurance

  • Pillsbury Winthrop Shaw Pittman LLP
  • -
  • USA
  • -
  • May 16 2013

On March 29, the Federal Housing Finance Agency (FHFA) proposed consideration of new regulation on lender-placed insurance. The FHFA specifically

New York appellate court reinstates fraudulent inducement claim against Goldman and M&T Bank

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • May 13 2013

On May 7, New York's First Department appellate court reinstated CIFG Assurance North America, Inc.'s fraud claim against Goldman Sachs & Co. and M&T

Equitable tolling allowed in alleged scheme reinsuring private mortgage insurance

  • Jorden Burt LLP
  • -
  • USA
  • -
  • May 13 2013

Plaintiff homeowners filed a putative class against Bank of America Corp. ("BOA"), Bank of America Reinsurance Corp. ("BOARC") and three primary

Assured and UBS agree to settle RMBS litigation for $358 million

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • May 13 2013

On May 6, monoline insurer Assured Guaranty Ltd. announced a $358 million settlement with UBS and its affiliates stemming from losses on residential

Financial services legislative and regulatory update

  • Mintz Levin Cohn Ferris Glovsky and Popeo PC
  • -
  • USA
  • -
  • May 13 2013

What had been a relatively quiet week, where until Friday it seemed like the biggest news was that Treasury Secretary Jack Lew was working on his

Court issues summary judgment ruling in MBIA’s RMBS action against Countrywide

  • Orrick Herrington & Sutcliffe LLP
  • -
  • USA
  • -
  • May 6 2013

On April 29, Justice Eileen Bransten of the New York State Supreme Court issued an opinion granting in part and denying in part competing motions for

A warning to financial institutions: failure to issue a litigation hold may have serious consequences

  • Frost Brown Todd LLC
  • -
  • USA
  • -
  • May 3 2013

As electronic discovery has become more prevalent and voluminous, national standards for the preservation of evidence have evolved dramatically in

CFPB enters into settlement prohibiting captive mortgage reinsurance

  • Jorden Burt LLP
  • -
  • USA
  • -
  • April 23 2013

The Consumer Financial Protection Bureau ("CFPB") recently filed complaints in the Southern District of Florida against Genworth Mortgage Insurance

New York announces two additional lender-placed insurance actions

  • BuckleySandler LLP
  • -
  • USA
  • -
  • April 22 2013

On April 18, New York Governor Andrew Cuomo announced that the New York State Department of Financial Services obtained two additional separate

Fraud exclusion bars coverage for suit against bank regarding life insurance premium loans

  • Wiley Rein LLP
  • -
  • USA
  • -
  • April 18 2013

The United States District Court for the Central District of California has held that no coverage is available for a suit against an insured bank

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