Legal Opinion
Syncora Guarantee Inc. v. EMC Mortgage Corp.
District Court, S.D. New York
Decided June 19, 2012No. 09 Civ. 3106 (PAC)PublishedCited by 13 opinions
1Opinion of the Court
OPINION & ORDER
PAUL A. CROTTY, District Judge:
Syncora Guarantee Inc. (“Syncora”) alleges that EMC Mortgage Corporation (“EMC”) breached its representations and warranties made to induce insurance provided by Syncora for a securitization transaction (the “Transaction”) involving 9,871 Home Equity Line of Credit (“HELOC”) residential mortgage loans. EMC aggregated these mortgage loans and sold them *331to a trust, which in turn issued notes to investors. Many of these HELOCs were “subprime,” which defaulted after the housing market collapsed in 2008. Syncora, formerly known as XL Capital Assurance…
2Cases cited24 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Scott v. HarrisSupreme Court of the United States · 2007
- Kass v. KassNew York Court of Appeals · 1998
- Rudman v. Cowles Communications, Inc.New York Court of Appeals · 1972
19 more not listed; retrieve them via the Exa API.
3Cited by13 opinions
- Deutsche Alt-A Securities Mortgage Loan Trust, Series 2006-OA1 ex rel. HSBC Bank, USA, National Association v. DB Structured Products, Inc.District Court, S.D. New York · 2013
- Intelsat USA Sales Corp. v. Juch-Tech, Inc.District Court, District of Columbia · 2014
- Homeward Residential, Inc. v. Sand Canyon Corp.District Court, S.D. New York · 2014
- Assured Guaranty Municipal Corp. v. Flagstar Bank, FSBDistrict Court, S.D. New York · 2012
- EMC Mortgage LLC v. Pulte Mortgage LLCDistrict Court, D. Colorado · 2020
8 more not listed; retrieve them via the Exa API.