et al., New York State Supreme Court, New York County, No. The case is Bear Stearns Asset Backed Securities Trust 2005-4 vs. It is one of many lawsuits seeking to hold banks responsible for investor losses over mortgages that may have been toxic, defective or improperly underwritten. The lawsuit was filed on Friday in the New York State Supreme Court in Manhattan, and publicly docketed on Tuesday. JPMorgan bought Bear Stearns in 2008.Ī JPMorgan spokeswoman did not immediately respond to requests for comment. US Bank also sued Bear Stearns and its former EMC Mortgage Corp. An eMortgage is a mortgage document that’s digitally originated, transferred and stored. Hart EMCs goal is to provide you with uninterrupted electricity 100 of. The unit of US Bancorp said it made its request at the direction of a majority certificate holder in the trust. receiving mortgage approval, or reaching an agreement with the seller on. Narvaes, Plaintiff 808 Home Mortgage Inc. It also said JPMorgan has refused to provide the underlying loan, as the trust documents require, so it can investigate the extent of the alleged breaches. EMC Mortgage Corporation, Defendant Fremont Investment and Loan, Defendant Benjamin M. wants to force JPMorgan to buy back the mortgage loans because of alleged breaches of representations and warranties regarding the Bear Stearns Asset Backed Securities Trust 2005-4, for which it serves as trustee. over alleged misrepresentations regarding the underlying mortgage loans. The loans were acquired by EMC Mortgage Corp, the lending unit of Bear Stearns, which JPMorgan took over amid the U.S. has been sued for $95 million by the trustee for securities marketed in 2005 by the former Bear Stearns Cos. EMC Mortgage, LLC is a Delaware limited liability company, formerly headquartered in Lewisville, Texas.
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