MBS Trustees Face the Heat over Faulty Recordkeeping

Lawyers have opened a new front in mortgage securities litigation by suing BNY Mellon and U.S. Bank over an alleged failure to properly handle the storage and recordkeeping of mortgage documents. But observers and participants in more established mortgage repurchase litigation question whether suing over trust and document custody errors is a promising fight.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_476/mbs-trustees-faulty-recordkeeping-1027461-1.html

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