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Separate Duty to Notify Revives Untimely Subprime Mortgage Claims

By Farrell Fritz P.C. on March 15, 2018
Posted in Defenses

In a thorough opinion last week by Justice Marcy Friedman in Bank of N.Y. Mellon v WMC Mtge., LLC, the New York County Supreme Court upheld the timeliness of “Failure to Notify” claims arising from subprime mortgage-backed securities formed into a trust in 2007. To put it mildly, the mortgages were problematic (go see…

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