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Syncora Guarantee Inc. v. EMC Mortgage Corporation
Case Number:
1:09-cv-03106
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Firms
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March 03, 2014
JPMorgan To Pay $400M To Settle Syncora RMBS Suits
JPMorgan Chase & Co. will pay monoline insurer Syncora Guarantee Inc. $400 million to settle long-standing claims that the bank misrepresented the risks of its residential mortgage-backed securities, Syncora disclosed Friday.
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August 13, 2013
Syncora's $320M JPMorgan Fraud Suit Nixed In NY Court
A New York state appellate court on Tuesday nixed Syncora Guarantee Inc.'s fraud suit against JPMorgan Securities LLC over $320 million the monoline insurer lost in a securitized mortgage deal, finding a federal breach-of-contract suit brought by Syncora against one of the banking giant's "sister affiliates" bars the state action.
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June 19, 2012
JPMorgan Unit Can't Duck Syncora's $666M MBS Repo Claims
A New York federal judge found Tuesday that JPMorgan Chase & Co. unit EMC Mortgage Corp.'s allegedly false warranties about the quality of loans underlying $666 million in mortgage-backed securities that Syncora Guarantee Inc. insured would be enough to trigger their repurchase agreement.
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June 13, 2012
Syncora, EMC Spar Over Terms Of $666M MBS Repo Deal
EMC Mortgage Corp. and Syncora Guarantee Inc. on Wednesday clashed over whether their repurchase agreement over $666 million in mortgage-backed securities requires Syncora to prove actual losses from EMC's alleged misrepresentations before the JPMorgan & Chase Co. unit can agree to repurchase soured loans.
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March 28, 2011
Syncora Gets Quick Win In Suit Over $666M In MBS
A New York federal judge granted Syncora Guarantee Inc. a partial win Friday in its suit accusing EMC Mortgage Corp. of misrepresenting loans involved in $666 million in mortgage-backed securities for which the insurer covered investor returns.