This expert is a 44+ year veteran of the mortgage industry, has been an owner-operator of three mortgage banking companies, a software company, and several leading consultancies. Additionally, he is a regular guest on FOX Business News and CNBC, and currently hosts his own weekly radio podcast on mortgage lending. He produces a daily one-minute consumer-facing market commentary video that is viewed by millions of Americans each month, and he publishes articles in a ...
This economics Ph.D. has a broad financial background spanning mortgage-backed securities, asset-backed securities, and structured products. After earning his master's and doctorate from the University of Florida, he became a tenured Associate Professor at the University of South Carolina. The expert eventually began a successful career in finance and served in several senior positions, including as global head of MBS research at two major investment banks, CS First ...
Court: United States District Court for the Southern District of New York’ Jurisdiction: Federal Case Name: Loreley Fin. (Jersey) No. 3 Ltd. v. Wells Fargo Sec. Citation: 2019 U.S. Dist. LEXIS 160087 Facts The plaintiff, a financial investment company, invested…
Court: United States District Court for the Western District of Texas, Austin Division Jurisdiction: Federal Case Name: FDIC v. RBS Sec., Inc. Citation: 2019 U.S. Dist. LEXIS 48586 Facts Guaranty Bank bought residential mortgage-backed securities from the defendant for $2.1…
Court – United States District Court for the Southern District of New York Jurisdiction – Federal Daubert Factor Involved – Qualification Case Stage – Pre-Trial Ruling Type – Daubert Ruling/ Class Certification Case Name – Royal Park Invs. v. U.S.…
This case involves alleged mortgage fraud and larceny from a major banking institution. The defendants were accused of fraudulently obtaining mortgage funds in excess of $12 million pertaining to the purchase of a commercial property. The DA alleged that the…
This case involves an asset management firm that asked the plaintiff to use his connections to approach several banks for purchase of the banks’ mortgage loan portfolios. At the time, the plaintiff was working indirectly for the firm as a…
This case involves investors that purchased mortgage-backed securities (MBS) who demanded repurchase of the MBS. The loans that were represented as solid or safe turned out to be fraudulently reported subprime loans. It is alleged that the mortgage servicing company…
This case involves a class action suit against a large financial entity that allegedly committed fraudulent practices in connection with its home mortgage loan servicing business. The defendant devised a scheme to deceive homeowners who were behind on their mortgage…
This case was an investigation into the subprime mortgage crisis in North Carolina. Following the housing market collapse, the FBI began to investigate the causes and reasons behind the financial failure. With a large swath of citizens losing their homes,…
This is a Securities and Exchange Commission enforcement action for fraudulent misrepresentations and omissions about a mortgage company’s financial condition, margin call activity, and liquidity by the mortgage company’s executives. The company, which obtained financing through “repo” agreements that subjected…