Legal Opinion

Yvanova v. New Century Mortgage Corp.

California Supreme Court

Decided February 18, 2016No. S218973PublishedCited by 217 opinions

1Opinion of the Court

Opinion

WERDEGAR, J.

The collapse in 2008 of the housing bubble and its accompanying system of home loan securitization led, among other consequences, to a great national wave of loan defaults and foreclosures. One key legal issue arising out of the collapse was whether and how defaulting homeowners could challenge the validity of the chain of assignments involved in securitization of their loans. We granted review in this case to decide one aspect of that question: Whether the borrower on a home loan secured by a deed of trust may base an action for wrongful foreclosure on allegations a…

2Cases cited50 opinions

  1. Schifando v. City of Los AngelesCalifornia Supreme Court · 2003
  2. US Bank National Association v. IbanezMassachusetts Supreme Judicial Court · 2011
  3. Rajamin v. Deutsche Bank National Trust Co.Court of Appeals for the Second Circuit · 2014
  4. Culhane v. Aurora Loan Services of NebrasCourt of Appeals for the First Circuit · 2013
  5. Evans v. City of BerkeleyCalifornia Supreme Court · 2006

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3Cited by217 opinions

  1. Vien-Phuong Thi Ho v. ReconTrust Co.Court of Appeals for the Ninth Circuit · 2016
  2. Daniels v. Select Portfolio Servicing, Inc.California Court of Appeal · 2016
  3. Saterbak v. JP Morgan Chase Bank CA4/1California Court of Appeal · 2016
  4. Sciarratta v. U.S. Bank National Ass'nCalifornia Court of Appeal · 2016
  5. Mendoza v. JPMorgan Chase Bank, N.A.California Court of Appeal · 2016

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