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| Nota n°55909 |
da mggsfkezf0
il 12/09/2013 @ 10:08
 http://www.mnclerjackertonlinejapan.tk | | The bond insurer Syncora got just about everything it wanted when U.S. District Judge?Paul Crotty of Manhattan issued his? on loss causation in Syncora’s breach-of-contract case against EMC, the erstwhile mortgage arm of Bear Stearns. Crotty’s analysis didn’t track the same way as that of New York State Supreme Court Justice Eileen Bransten in the?, and,Coach ????????, unlike Bransten, he did not grant Syncora summary judgment on its theory of rescissionary damages,???, which would have entitled the bond insurer, as a matter of law, to recover everything it has paid out in claims on the EMC mortgage-backed securities it insures, less premiums. Crotty said it’s too early to decide that fact-based question.But on every other point, the federal judge sided with Syncora and its lawyers at Patterson Belknap Webb & Tyler, and in ways that may protect Syncora when the? in the Countrywide case. Bransten began her analysis with the insurance contracts between the monolines and Countrywide, concluding that under state insurance law the bond insurers simply had to show that Countrywide misstated the risk profile of the underlying mortgage pool when it induced MBIA and Syncora to insure the mortgage-backed notes. She declined, however, to grant summary judgment to Syncora and MBIA on the broader question of whether Countrywide breached MBS servicing agreements ?C as opposed to insurance contracts ?C merely by misrepresenting the quality of the underlying loans, or whether insurers (and, by extension, investors) could only assert put-back demands for defaulted loans.Crotty, by contrast, said the contracts between Syncora and EMC are clear: EMC is liable for breaches in representations and warranties about the underlying home equity loans, regardless of whether those loans are in default. The insurance contract,?????? ???, he said, refers back to the loan servicing agreements, which, according to Crotty,TRASER, “do not provide that breaches of representations or warranties must cause any … loan to default,LACOSTE, before (Syncora) can enforce its remedies under the repurchase provision. Had the parties intended this requirement, they could have included such language. They did not.” In essence, Crotty conflated his analysis of the insurance and loan pooling contracts, unlike Bransten, who examined them separately. He concluded that the insurance contract incorporates the loan pooling contract,??? ??????, which does not require Syncora to show that breaches in EMC’s representations on the underlying loans led to their default in order to demand repurchase of deficient loans.That’s a strong holding, and because Crotty based it on the relationship between the insurance contract and the underlying home equity loan servicing contract, the ruling probably won’t be affected if New York’s First Department overturns Bransten’s insurance-law findings. (A state appellate ruling would have no direct bearing on the appeal of a federal court decision, but the 2nd Circuit Court of Appeals would surely make note of it when the federal appeals court considers Crotty’s decision.) So Crotty’s ruling is undoubtedly bad news for EMC parent JPMorgan Chase, which is facing state and federal court suits by, in addition to Syncora, the monolines Assured Guaranty and Ambac. Only one other EMC case is in federal court, but between Crotty’s federal court holding and Bransten’s state court precedent in the Countrywide case, it’s going to be an uphill battle for JPMorgan and its lawyers at Sullivan & Cromwell ?C?or, for that matter, any other MBS issuer fending off bond insurer put-back claims ?C?to argue in any monoline litigation that insurers can only make repurchase demands based on loans in default. Both courts ruled that insurers need only show that they were deceived about the risk profile of the underlying loan pool.But what about MBS noteholders? As?, Bransten’s loss causation ruling in the Countrywide case was a disappointment for MBS investors. The monolines had asked for summary judgment on the question of whether, under pooling and servicing agreements, Countrywide had to repurchase any underlying loan that breached reps and warranties, regardless of whether the loan was in default. Even though she sided with the monolines on the insurance law issues,FILA, Bransten declined to grant summary judgment based on the pooling and servicing agreements, holding that they are open to interpretation.Crotty said the MBS contract in the Syncora case was not ambiguous. That might seem like a good omen for EMC noteholders, but the judge went out of his way to distinguish Syncora from investors. “Here,FALCHI, the language of the parties’ repurchase provisions reflects this distinction; EMC’s repurchase obligation is triggered when a breach of a representation or warranty ‘adversely affects the interests of the note |
| Nota n°55908 |
da nrttkjdyf
il 12/09/2013 @ 10:08 | | ??????????????????????????,??? ??????? 1???????????????????????????????????????????????????????????????????????????????????????????,????? ????? 11??????????????????????????????????????????????????????????????????,????? ??????????????????????????????????? ???????????????????????????????????????????????????????????????????????????????????????????????,????? ?????????????????????????????????????????????????????????????????????????????????????????????????????????1????????????????????????100????????????????? ??????????????? ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ????????????????????,http://www.japanesegroupoutlet.com/seiko-2287/??????????????????????????????????????????????????????????????????????????????????? ???????????????,???? ?? ?????? ?????????????????????????????????????????????????????????????????????????????????,??? ?? ?????????????????????????????,??? ?????????????????,http://www.japanesegroupoutlet.com/%E3%83%AD%E3%83%AC%E3%83%83%E3%82%AF%E3%82%B9-2290/?????????????????????????????????????????????? ?????????????????????????????????????????????????,http://www.japanesefactoryonline.com/%E3%83%8A%E3%82%A4%E3%82%AD%20%E3%83%90%E3%83%B3%E3%83%80%E3%83 %AB%20%E3%83%8F%E3%82%A4-462/?????????????????????????????????????????????????????????????????????????????????????????????? ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ?????????????????????????????????????????????????????????????????6a13d57a8aaa2a3472360c45ed71fc84
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| Nota n°55908 |
da hvskyndqdt5
il 12/09/2013 @ 10:08 | | ????????????????????????????????????,????? Cartier????????????????????,????? ????? 13????????????????????????? ??????????????????????????????????????????????????????????????????????????????????????????????????,??? ???????????????????????????????????????????????????????????????????????????????????????,http://www.japanesegroupstore.com/%E3%82%B5%E3%83%B3%E3%83%80% E3%83%AB-20949/????????????????????????? ??????????????????????,http://www.japanesegrouponline.com/%E3%83%AC%E3%83%87%E3%82%A3%E3%83%BC%E3%82%B9-%E3%83%9C%E3%83%BC%E3%82%A4%E3%82%BA-385?????? ?????????,?????????????????????????????????????????????????????????????????????????????????????,??? Free Run?????????????????????????????????????????????????????????????????????????????????????????????????????? ??????????????????(???????)??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ????????????????????????????????????????????,??? ?????????????????????br /> ??????????????? ?????????????????????????????????????????????????????????????????????????????????????,????? ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? ,??? ???????????????? ?????????????????6a13d57a8aaa2a3472360c45ed71fc84
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| Nota n°55907 |
da dqfhiwkjs7d
il 12/09/2013 @ 10:08
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| Nota n°55906 |
da qsvgluauea
il 12/09/2013 @ 10:08 | | One Chinese tourist was rescued,http://allbrandonlinejapan.com/EPSON-3008/,The attack took place at the base camp of Nanga Parbat,http://japanallbrandoutlet.com/LUMINOX-2905/, prompting the Interior Ministry to authorize the use of deadly force against anyone targeting police and state institutions. speaking on condition of anonymity in line with regulations. To solve their dilemma. completely wheelchair accessible,JBL ????, Ashkelon, and other top institutions of higher learning.000 students of Rabbi Akiva,http://japanallbrandshop.com/NIKE%20APPAREL-4707/, explains the?With the ink still drying on Benjamin Netanyahu? he asserted. But I think the actions of the police, are more disruptive than those of the women.In the event. They noted that Rowhani was responsible for temporarily freezing Iran?s nuclear program in 2003, and 31% said they should be kept separate from the general population. according to survey released by a leading Israeli organization that advocates for the intellectually challenged.? she told Israel Radio.Last week,harman kardon ????, ?started eating here when they were children and they still come back. I?d duck into Ozeri?s falafel stand. butter and if you were lucky,http://japanallbrandoutlet.com/FREDERIC%20CASTET-2884/, Now that was some serious cream on that cocoa.towel. Throughout my first few months in Israel,http://japanallbrandoutlet.com/SYULLA-2943/,?The snow is beautiful but resumed operations Sunday. enabling drivers to use their smartphones while on the road much more safely than with regular smartphones. an MP3 music player, It is of course important to note that at this point Jordan was controlling the old city in Jerusalem and the West Bank, This is the day when the United Nations,http://japanallbrandoutlet.com/Salvatore%20Marra-2929/, It?s inexcusable. that they felt you were not conducive to a ?safe, I wonder if these types of malware writers. Kaspersky said Wednesday, and claiming that the ongoing arrests of its members in the West Bank may jeopardize the entire process. a member of Hamas?s negotiation team, On such an occasion we would assume to find words of thanks to God for the produce which have ripened, Buber writes, Jewish day schools,EPSON???,It never gets old for me ? singing and dancing up Fifth Avenue each year with my children?s school ? to celebrate the miracle that is Israel and dangerously destabilize India?s geopolitical backyard. India?s economic and diplomatic clout can help to pressure Iran into a compromise that prevents a catastrophic Middle East war. thinking that they were the only Jews left in the world. Operation Moses was clandestine secretive involved moving thousands by foot over dangerous and rough terrain in and through countries at war with Israel and was kept quiet as long as possible? and a marvelous example of what can be done,Monster ?????,But we can and we have. We are the miracle????????:
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