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TMI Trust Company v. WMC Mortgage, LLC et al
Case Number:
3:12-cv-01538
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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August 09, 2017
Loan Originator Can't Pare Trustee's Claims In RMBS Suit
A Connecticut federal judge on Tuesday declined to narrow the scope of a suit brought by the trustee for a securitized pool of several thousand mortgages originated by WMC Mortgage, finding that the trustee is not necessarily limited to seeking recovery only for those loans it has notified WMC are allegedly defective.
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October 29, 2012
Mortgage Originator WMC Sued Over $1B In Shoddy Loans
The trustee for the depositor of a securitized pool of $1 billion in mortgage loans sued the loans' originator WMC Mortgage LLC in federal court Friday, alleging WMC failed to notify the trust that the majority of the loans were defective and refused to repurchase them.