Judge Dismisses Most Claims Against Bank of America in RMBS Suit

first_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago in Daily Dose, Featured, News, Secondary Market Share Save Previous: Ratings Agency Lowers Ocwen’s Risk Assessment Rankings, Citing Regulatory Troubles Next: DS News Webcast: Monday 2/9/2015 Judge Dismisses Most Claims Against Bank of America in RMBS Suit Demand Propels Home Prices Upward 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / Judge Dismisses Most Claims Against Bank of America in RMBS Suit The Best Markets For Residential Property Investors 2 days ago Tagged with: Bank of America Prudential Financial Residential Mortgage-backed securities RMBS  Print This Post Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago A federal judge in New Jersey dismissed most of a lawsuit filed by Prudential Financial Inc. against Bank of America which claimed the North Carolina-based megabank sold them more than $1.9 billion worth of toxic mortgage-backed securities in the run-up to the financial crisis, according to multiple media reports on Friday.U.S. District Judge Stanley Chesler in Newark ruled that Prudential failed to show sufficient proof that Bank of America and its Merrill Lynch misrepresented the quality of its loans backing securities to ratings agencies, according to reports.Prudential claimed in the lawsuit that Bank of America was guilty of “wide-ranging fraud” that left Prudential with “countless” bad securities that led to foreclosure or default. Chesler dismissed most of Prudential’s claims with prejudice, according to reports. He did rule that Prudential could re-submit a claim involving 21 securitizations where Bank of America acted as underwriter but not as a sponsor or issuer.Chesler said in his ruling that Prudential could not rely on “after the fact” computer analysis to determine that Bank of America knew at the time that the property appraisals for 54 securitizations it issued from 2004 to 2007 were being misrepresented.Spokespeople from both Prudential and Bank of America declined to comment on the suit and the judge’s ruling.Bank of America has had its share of legal troubles over RMBS in the last year. In August 2014, the bank entered into a settlement with the U.S. Department of Justice for record $16.65 billion over the packaging and selling of toxic mortgage-backed securities that led to the financial crisis. Earlier this week, a federal judge in Manhattan denied the bank’s request to remove a $1.27 billion penalty imposed in July 2014 for a government lawsuit against the bank which accused its Countrywide unit of fraud with regards to mortgage-backed securities. Sign up for DS News Daily Bank of America Prudential Financial Residential Mortgage-backed securities RMBS 2015-02-06 Brian Honea About Author: Brian Honea Servicers Navigate the Post-Pandemic World 2 days ago February 6, 2015 1,020 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribelast_img read more

Prep Sports Roundup: 5/2

first_imgMay 2, 2019 /Sports News – Local Prep Sports Roundup: 5/2 Brad James Written by MONROE, Utah-Darci Wagner hit a solo home run, but that was the only run South Sevier scored as they lost to Enterprise 12-1 Thursday in non-region softball action. Softball Non-Region Tags: Abby Janke/Allie Torgerson/Ashton Osborne/Bryn Rasmussen/Halle Bjerregaard/Jarett Reidhead/Kristen Morgan/Kyler Helquist/Madison Bogh/Madisyn Christensen/Marisa Franks/McKaylyn Edwards/Paige King/Tayler Brackett/Tyler Lindsey/Zane Tibbscenter_img 3-A Play-In Game @ North Sevier H.S. GUNNISON, Utah-Paige King tripled and the Gunnison Valley Bulldogs pounded Parowan 19-4 in non-region softball action Thursday. McKaylyn Edwards and Tayler Brackett doubled as well in the win for the Bulldogs. Halle Bjerregaard earned the win in the circle for Gunnison Valley. RICHFIELD, Utah-Kristen Morgan and Madisyn Christensen each homered and the Richfield Wildcats outgunned Millard 17-11 Thursday in non-region softball action. Abby Janke tripled and Madison Bogh and Marisa Franks added doubles in the win for Richfield, as the Wildcats amassed 21 hits. Allie Torgerson earned the win in the circle for Richfield. Bryn Rasmussen and Megan Wade doubled in the loss for the Eagles. SALINA, Utah-Jarett Reidhead and Kyler Helquist each doubled and Tyler Lindsey took the win on the mound as the Grand Red Devils outlasted North Sanpete 15-13 in the 3-A state baseball tournament play-in game at North Sevier High School Thursday. Grand next faces Juab Saturday at Juab High School in the Juab pod to commence the 3-A state tournament. In defeat, Ashton Osborne had an RBI triple and added a 2-RBI single for the Hawks. Tyler Hadley also had a 2-RBI single and Zane Tibbs added another RBI single for North Sanpete, as the Hawks’ season came to an end. FacebookTwitterLinkedInEmailBaseballlast_img read more

Dr. Fauci: Florida Jumped “Over a Couple of Checkpoints” in Reopening

first_imgThe state’s one-day death toll high is a likely sign of a rise in coronavirus deaths in the days ahead, according to Dr. Jay Wolfson, Professor of Public Health, Medicine and Pharmacy at the University of South Florida. “It’s going to get worse,” he said.Dr. Wolfson adds that the rise in deaths typically comes last, weeks after the initial spike in cases occurs. “It’s a cascade,” Wolfson said, “and we are just in the early phases of that cascade.”The state’s Department of Health on Thursday reported 232,718 confirmed cases and 4,009 deaths.In a news conference in Jacksonville on Thursday, Gov. Ron DeSantis said Florida and the rest of the Sun Belt region seems to be experiencing a “natural peak” in new cases.He added that most new cases are in younger populations, who are more likely to avoid serious illness and death. As Florida crossed the 4,000-death threshold for the coronavirus pandemic and logged the most deaths in a 24-hour period on Thursday, the state became the focus of criticism from the nation’s top infectious disease expert.Dr. Anthony Fauci, who heads the National Institute of Allergy and Infectious Diseases, called out Florida for bypassing guidelines and opening too soon.“Certainly Florida jumped over a couple of checkpoints,” he said in an interview with FiveThirtyEight.Fauci also told the Wall Street Journal that states that are experiencing spikes in cases and deaths, including Florida, should again consider lockdowns.“I think any state that is having a serious problem, that state should seriously look at shutting down,” he said.#COVID19 is an emerging, rapidly evolving situation. Learn about the basics like symptoms & what to do if you are sick; and see the latest info from @CDCgov on #NIH’s page: https://t.co/9aGQF3GG9p #coronavirus— NIH (@NIH) March 17, 2020last_img read more

Syracuse pass rush wreaks havoc at Central Michigan

first_img Published on September 15, 2014 at 12:11 pm Contact Jacob: [email protected] | @Jacob_Klinger_ MOUNT PLEASANT, Mich. — There was almost no break for Cooper Rush.The Central Michigan quarterback started the game stringing passes over the Syracuse defensive line into open pockets on either side of the field. But the Chippewas’ (2-1) opening possession proved to be their only scoring drive as Syracuse shut CMU down in the Orange’s (2-0) 40-3 victory on Saturday.“I know they played mad,” defensive line coach Tim Daoust said. “I know they played upset. It rolls downhill from a coach down to them that they needed to play a better football game today.”After failing to contain Villanova quarterback John Robertson in Week 1, the Orange pass rush recorded five sacks, forced and recovered a fumble and recorded eight tackles for a loss.Central Michigan only managed 183 passing yards off 18 completions.AdvertisementThis is placeholder textWith Syracuse leading 17-3 late in the second quarter, CMU had second-and-10 on its own 47 and a chance to regain momentum before halftime. But SU linebacker Cam Lynch’s delayed blitz forced Rush into a throwaway. On the next play, the Chippewas’ quarterback fluffed a throw off his back foot, dropping his pass short in front of an open Courtney Williams.Lynch’s safety is shown in this GIF:“It started up front,” Syracuse cornerback Julian Whigham said. “The D-line and linebackers got a lot of pressure. They just didn’t have time to get the ball up.”Daoust rotated in the debuting Wayne Williams with Ryan Sloan, keeping the Orange pass rush fresh and unrelenting. As SU protected a 30-point lead deep into the fourth quarter, freshman linebacker Zaire Franklin subbed in to maintain the same pressure Lynch had thrown at Rush all day.As SU looks toward its next game against Maryland on Saturday at 12:30 p.m. in the Carrier Dome, the Orange will need to maintain pressure on opposing quarterbacks. When it does, it allows linebackers to pack the box and frees up its defensive backs to play tight man coverage on the outside.“I want people talking about the defensive line the way the defensive line should be talked about at Syracuse University,” Daoust said. “The way it’s been talked about in the past, where we played mean and nasty and stopped the run and then see if we can get hits on the quarterback.” Comments Facebook Twitter Google+last_img read more