Bank of New York Mellon v. WMC Mortgage, LLC
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
OPINION OF THE COURT
Moskowitz, J.
This case is one of many commenced in the wake of the 2008 global financial crisis. As in many of the other cases that have come before us — including one nearly identical to this case 1 — the action is based upon the sale of residential mortgage-backed securities (RMBS).
Under a Mortgage Loan Sale and Interim Servicing Agreement (MLSA) dated July 1, 2005, defendant J.P. Morgan Mortgage Acquisition Corp. (JPMAC) bought from defendant WMC Mortgage Corp. (WMC), the originator, approximately 6,510 residential mortgage loans with a total principal balance of…
2Cases cited11 opinions
- John J. Kassner & Co. v. City of New YorkNew York Court of Appeals · 1979
- Flanagan v. Mount Eden General HospitalNew York Court of Appeals · 1969
- ACE Securities Corp. v. DB Structured Products, Inc.New York Court of Appeals · 2015
- Dorothy M. Faison v. Tonya LewisNew York Court of Appeals · 2015
- Tanges v. Heidelberg North America, Inc.New York Court of Appeals · 1999
6 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Nomura Home Equity Loan, Inc. v. Nomura Credit & Capital, Inc.Court for the Trial of Impeachments and Correction of Errors · 2017
- Lehman XS Trust v. Greenpoint Mortgage Funding, Inc.Court of Appeals for the Second Circuit · 2019
- Franklin Am. Mortg. Co. v. Univ. Nat'l Bank of LawrenceCourt of Appeals for the Sixth Circuit · 2018
- Ambac Assurance Corp. v. U.S. Bank Nat'l Ass'nDistrict Court, S.D. Illinois · 2018
- Matter of Part 60 RMBS Put - Back Litig.Appellate Division of the Supreme Court of the State of New York · 2021
12 more not listed; retrieve them via the Exa API.