Residential mortgage-backed securities
27 August 2014
On August 13, 2014 Law Debenture Trust Company of New York settled its 200th appointment as separate trustee for residential mortgage-backed securities. The role of the separate trustee is to pursue claims, at the direction of investors, against mortgage sellers when seller representations and warranties about loan quality are found to have been breached. Since our ground breaking first appointment in May 2012 Law Debenture has worked with mortgage-backed securities investors to recover tens of millions of dollars through the enforcement of mortgage seller repurchase obligations.