Legal Opinion

Mastr Asset Backed Securities Trust 2006-He3 ex rel. U.S. Bank National Ass'n v. WMC Mortgage Corp.

District Court, D. Minnesota

Decided February 16, 2012No. Civil No. 11-2542 (PAM/TNL)PublishedCited by 8 opinions

1Opinion of the Court

MEMORANDUM AND ORDER

PAUL A. MAGNUSON, District Judge.

This matter is before the Court on Defendants’ Motions to Dismiss. For the reasons that follow, the Motions to Dismiss are granted in part and denied in part. BACKGROUND

This case involves a mortgage-backed securities trust. The Trustee is U.S. Bank National Association, and the “Master Servicer” of the Trust is Wells Fargo Bank, N.A. Defendants are two “mortgage originators” who sold mortgages to the Trust; the Trust then issued certificates backed by the Trust’s assets. Defendant EquiFirst Corporation is a subsidiary of Barclay’s;…

2Cases cited5 opinions

  1. Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
  2. Vicki Westcott, Administratrix of the Estate of Arden Westcott, Deceased v. City of Omaha, a Municipal CorporationCourt of Appeals for the Eighth Circuit · 1990
  3. Morton v. BeckerCourt of Appeals for the Eighth Circuit · 1986
  4. United States v. WashingtonCourt of Appeals for the Ninth Circuit · 1985
  5. Daum v. Planit Solutions, Inc.District Court, D. Minnesota · 2009

3Cited by8 opinions

  1. Ace Securities Corp. Home Equity Loan Trust v. DB Structured Products, Inc.District Court, S.D. New York · 2014
  2. Mastr Asset Backed Securities Trust 2007-WMC1 v. WMC Mortgage LLCDistrict Court, S.D. New York · 2012
  3. 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
  4. In re Residential Capital, LLCUnited States Bankruptcy Court, S.D. New York · 2015
  5. Mastr Asset Backed Securities Trust 2006-He3 ex rel. U.S. Bank National Ass'n v. WMC Mortgage, LLCDistrict Court, D. Minnesota · 2013

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