Residential Mortgage Backed Securities
03 September 2013
On August 26, 2013 Law Debenture Trust Company of New York surpassed 100 appointments as separate trustee for residential mortgage-backed securities reaching a total of 101.
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.