Current Developments in Securitization and Structured Finance

Residential mortgage-backed securities (“RMBS”) became a household name during the financial crisis.  A decade later, litigation brought to the fore in the wake of the financial crisis remains to be decided in multiple jurisdictions.  Litigation concerning RMBS has taken on many forms over the years.  This program will focus on RMBS repurchase or “put-back” litigation in which plaintiffs seek to enforce the repurchase obligations of sponsors and originators for breaches of the loan-level representations and warranties, as well as cases in which investors have brought claims against trustees for their failure to bring timely repurchase claims.