Gibbs & Bruns is lead counsel to over a dozen large institutions who collectively hold over 25% of the Voting Rights in 225 securitization pools that issued over $175 billion of Countrywide-issued mortgage-backed securities. Our clients engaged us to enforce their rights, through the governing agreements, to compel the repurchase of ineligible mortgages that do not conform to the representations and warranties concerning the collateral for the RMBS.
Bloomberg: Patrick Takes on Bank of America in BuyBack Battle – View Bloomberg Video
The New York Times: Fed Wants Banks to Buy Back Some Bad Mortgages
The Wall Street Journal: N.Y. Fed Part of Group Pressing BofA on Mortgage Securities
NPR: Investors May Force Banks To Buy Back Faulty Loans (audio available)
The Am Law Litigation Daily: Bondholders Gear Up to Sue Banks Over $47 Billion in Countrywide Mortgage-Backed Securities