Try our Advanced Search for more refined results

Mastr Adjustable Rate Mortgages Trust 2006-OA2 et al v. UBS Real Estate Securities Inc.

  1. July 25, 2018

    US Bank Settles With UBS For $850M In Put-Back Suit

    Attorneys for U.S. Bank NA said Wednesday they have reached a record $850 million settlement with a UBS AG unit over three residential mortgage-backed securities trusts that were allegedly filled with thousands of defective mortgage loans.

  2. April 24, 2017

    Master Rejects UBS Bid To Ax Some US Bank Loan Claims

    A special master appointed to help resolve U.S. Bank NA's claims that a UBS AG unit breached its duty to repurchase some 9,300 residential mortgages that didn't measure up to warranties rejected the Swiss bank's bid to assert victory over several types of disputed loans Friday in New York federal court.

  3. September 28, 2016

    UBS Unit Can Try To Appeal Master Order In $2B Loan Case

    A New York federal judge told a UBS AG unit Wednesday that it was welcome to seek an appeal of a recent order calling for a master to help determine how much the bank owes over allegedly faulty home loans, but indicated it would face an uphill battle in doing so.

  4. September 06, 2016

    Judge Draws Map For Tallying UBS Liability In $2B Loan Case

    Manhattan U.S. District Judge P. Kevin Castel on Tuesday called for a master to handle the outsized task of hunting for material breaches in a sea of loan files, to determine the size of the bill UBS AG ultimately may have to pay in trustee U.S. Bank's $2 billion breach of contract case against the Swiss banking giant over some 9,300 allegedly faulty home loans.

  5. June 07, 2016

    US Bank Lays Out Liability Case Against UBS After $2B Trial

    Trustee U.S. Bank told U.S. District Judge P. Kevin Castel Monday that it presented "comprehensive evidence" at a trial that wrapped in May to prove UBS AG breached contractual promises it made to investors when it created massive home loan securitizations worth $2 billion and that the Swiss bank should be required to pay up.

  6. May 31, 2016

    Trusts Say $2B UBS Mortgages Trial Belongs In District Court

    Trustee U.S. Bank told a New York federal judge Monday that a trial over claims UBS AG reneged on obligations to repurchase $2 billion in shoddy bundled home loans was in the right court because the case is related to loan originator American Home Mortgage Corp.

  7. May 19, 2016

    $2B UBS Trial Might Have Been In Wrong Court, Judge Says

    A week after a trial on trustee U.S. Bank's claims that UBS AG reneged on obligations to repurchase $2 billion in shoddy bundled home loans, a New York federal judge Thursday ordered attorneys to explain whether the case belonged in his court at all.

  8. May 13, 2016

    UBS Judge Strives For Best Way Forward As $2B Trial Wraps

    A New York federal judge said Friday he is wrestling to come up with the best method for ruling on trustee U.S. Bank's contract claims against UBS AG over $2 billion in bundled home loans as a three-week bench trial featuring 39,000 separate allegations of breach flowing from 8,000 allegedly defective mortgages wrapped.

  9. May 10, 2016

    UBS Loan Judge Warns Attys He Won't Have A 'Charade' Trial

    The Manhattan federal judge presiding over trustee U.S. Bank's contract claims against UBS over $2 billion in allegedly bad bundled home loans showed growing frustration Tuesday over a trial that has yielded seemingly endless quibbles among lawyers — and between them and expert witnesses — and a literally unfathomable sea of evidence.

  10. May 02, 2016

    Trial Expert Survives UBS DQ Bid Claiming Resume Lie

    The Manhattan federal judge overseeing trustee U.S. Bank's $2 billion suit claiming UBS knowingly sold thousands of bad home loans into three securitized trusts refused Monday to disqualify the trusts' home loan expert after the Swiss bank's lawyers charged that he has lied under oath about his educational background.

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!