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Institutional Bondholders Issue Instructions to Five Trustees to Open Investigations of Ineligible Mortgages in Over $95 Billion of JPMorgan-Issued RMBS

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HOUSTON, Dec. 16, 2011 /PRNewswire/ -- Gibbs & Bruns LLP announced today that its clients have issued instructions to BNY Mellon, US Bank, Wells Fargo, Citibank, and HSBC, as Trustees, to open investigations of ineligible mortgages in pools securing over $95 billion of Residential Mortgage Backed Securities (RMBS) issued by various affiliates of JPMorgan. Collectively, Gibbs & Bruns' clients hold over 25% of the Voting Rights in 243 Trusts that issued these RMBS.

"Our clients continue to seek a comprehensive solution to the problems of ineligible mortgages in RMBS pools and deficient servicing of those loans. Today's action is another step toward achieving that goal," said Kathy D. Patrick of Gibbs & Bruns LLP, lead counsel for the Holders.

The Holders anticipate that they may provide additional instructions to Trustees, as needed, to further the investigations. The securities that are the subject of these instruction letters include:

 

 

 

 

 

 

 

BALTA 2005-4

 

BSARM 2007-4

 

JPMAC 2006-WF1

 

SAMI 2006-AR8

BALTA 2005-7

 

BSARM 2007-5

 

JPMAC 2006-WMC1

 

SAMI 2007-AR1

BALTA 2006-1

 

BSMF 2006-AC1

 

JPMMT 2005-A1

 

SAMI 2007-AR2

BALTA 2006-5

 

BSMF 2006-AR1

 

JPMMT 2005-A2

 

SAMI 2007-AR3

BALTA 2006-6

 

BSMF 2006-AR2

 

JPMMT 2005-A3

 

SAMI 2007-AR4

BALTA 2006-8

 

BSMF 2006-AR3

 

JPMMT 2005-A4

 

SAMI 2007-AR5

BALTA 2007-1

 

BSMF 2006-AR5

 

JPMMT 2005-A5

 

SAMI 2007-AR6

BALTA 2007-2

 

BSMF 2006-SL2

 

JPMMT 2005-A6

 

SAMI 2007-AR7

BALTA 2007-3

 

BSMF 2006-SL3

 

JPMMT 2005-A7

 

WAMMS 2005-RA1

BSAAT 2007-1

 

BSMF 2006-SL4

 

JPMMT 2005-A8

 

WAMU 2005-AR12

BSABS 2005-3

 

BSMF 2006-SL6

 

JPMMT 2005-ALT1

 

WAMU 2005-AR15

BSABS 2005-AC1

 

BSMF 2007-AR1

 

JPMMT 2005-S2

 

WAMU 2005-AR17

BSABS 2005-AC2

 

BSMF 2007-AR3

 

JPMMT 2005-S3

 

WAMU 2005-AR19

BSABS 2005-AC5

 

BSMF 2007-AR4

 

JPMMT 2006-A1

 

WAMU 2005-AR5

BSABS 2005-AC7

 

BSMF 2007-AR5

 

JPMMT 2006-A2

 

WAMU 2005-AR7

BSABS 2005-AC8

 

BSMF 2007-SL2

 

JPMMT 2006-A3

 

WAMU 2006-AR10

BSABS 2005-AC9

 

CFLX 2005-1

 

JPMMT 2006-A4

 

WAMU 2006-AR11

BSABS 2005-AQ2

 

CFLX 2005-2

 

JPMMT 2006-A5

 

WAMU 2006-AR13

BSABS 2005-CL1

 

CFLX 2006-1

 

JPMMT 2006-A6

 

WAMU 2006-AR14

BSABS 2005-FR1

 

CFLX 2006-2

 

JPMMT 2006-A7

 

WAMU 2006-AR15

BSABS 2005-HE11

 

CFLX 2007-1

 

JPMMT 2006-S1

 

WAMU 2006-AR17

BSABS 2005-SD1

 

CFLX 2007-2

 

JPMMT 2006-S2

 

WAMU 2006-AR19

BSABS 2005-SD2

 

CFLX 2007-3

 

JPMMT 2006-S3

 

WAMU 2006-AR2

BSABS 2005-SD3

 

CFLX 2007-M1

 

JPMMT 2006-S4

 

WAMU 2006-AR6

BSABS 2005-SD4

 

CHASE 2005-A1

 

JPMMT 2007-A1

 

WAMU 2006-AR7

BSABS 2005-TC2

 

CHASE 2005-A2

 

JPMMT 2007-A2

 

WAMU 2006-AR8

BSABS 2006-1

 

CHASE 2005-S1

 

JPMMT 2007-A3

 

WAMU 2006-AR9

BSABS 2006-2

 

CHASE 2005-S2

 

JPMMT 2007-A4

 

WAMU 2007-HY1

BSABS 2006-AC1

 

CHASE 2005-S3

 

JPMMT 2007-A5

 

WAMU 2007-HY2

BSABS 2006-AC2

 

CHASE 2006-A1

 

JPMMT 2007-A6

 

WAMU 2007-HY3

BSABS 2006-AC3

 

CHASE 2006-S1

 

JPMMT 2007-S1

 

WAMU 2007-HY4

BSABS 2006-AQ1

 

CHASE 2006-S2

 

JPMMT 2007-S2

 

WAMU 2007-HY5

BSABS 2006-HE3

 

CHASE 2006-S3

 

JPMMT 2007-S3

 

WAMU 2007-OA1

BSABS 2006-HE6

 

CHASE 2006-S4

 

PRIME 2005-1

 

WAMU 2007-OA2

BSABS 2006-HE7

 

CHASE 2007-A1

 

PRIME 2005-2

 

WAMU 2007-OA3

BSABS 2006-IM1

 

CHASE 2007-A2

 

PRIME 2005-5

 

WAMU 2007-OA5

BSABS 2006-SD1

 

CHASE 2007-S1

 

PRIME 2006-DR1

 

WAMU 2007-OA6

BSABS 2006-SD2

 

CHASE 2007-S2

 

PRIME 2007-1

 

WMALT 2005-10

BSABS 2006-SD3

 

CHASE 2007-S3

 

PRIME 2007-2

 

WMALT 2005-11

BSABS 2006-SD4

 

CHASE 2007-S5

 

PRIME 2007-3

 

WMALT 2005-7

BSABS 2006-ST1

 

CHASE 2007-S6

 

SACO 2005-3

 

WMALT 2005-8

BSABS 2007-1

 

EMCM 2006-A

 

SACO 2005-WM3

 

WMALT 2005-9

BSABS 2007-AC3

 

JPALT 2005-A2

 

SACO 2006-10

 

WMALT 2005-AR1

BSABS 2007-AC4

 

JPALT 2005-S1

 

SACO 2006-6

 

WMALT 2006-1

BSABS 2007-AC5

 

JPALT 2006-A1

 

SACO 2006-7

 

WMALT 2006-AR1

BSABS 2007-AC6

 

JPALT 2006-A2

 

SACO 2006-9

 

WMALT 2006-AR10

BSABS 2007-AQ2

 

JPALT 2006-A4

 

SACO 2007-1

 

WMALT 2006-AR3

BSABS 2007-FS1

 

JPALT 2006-A5

 

SACO 2007-VA1

 

WMALT 2006-AR5

BSABS 2007-HE4

 

JPALT 2006-A6

 

SAMI 2005-AR1

 

WMALT 2006-AR6

BSABS 2007-HE6

 

JPALT 2006-A7

 

SAMI 2005-AR2

 

WMALT 2006-AR7

BSABS 2007-HE7

 

JPALT 2006-S1

 

SAMI 2005-AR3

 

WMALT 2006-AR8

BSABS 2007-SD1

 

JPALT 2006-S2

 

SAMI 2005-AR4

 

WMALT 2006-AR9

BSABS 2007-SD2

 

JPALT 2006-S3

 

SAMI 2005-AR5

 

WMALT 2007-2

BSARM 2005-1

 

JPALT 2006-S4

 

SAMI 2005-AR7

 

WMALT 2007-3

BSARM 2005-10

 

JPALT 2007-A1

 

SAMI 2006-AR1

 

WMALT 2007-4

BSARM 2005-12

 

JPALT 2007-A2

 

SAMI 2006-AR2

 

WMALT 2007-OA1

BSARM 2005-2

 

JPALT 2007-S1

 

SAMI 2006-AR3

 

WMALT 2007-OA2

BSARM 2005-5

 

JPMAC 2006-CH1

 

SAMI 2006-AR4

 

WMALT 2007-OA3

BSARM 2005-6

 

JPMAC 2006-FRE2

 

SAMI 2006-AR5

 

WMALT 2007-OA4

BSARM 2005-7

 

JPMAC 2006-HE2

 

SAMI 2006-AR6

 

WMALT 2007-OA5

BSARM 2005-9

 

JPMAC 2006-NC2

 

SAMI 2006-AR7

 

 

ABOUT GIBBS & BRUNS LLP

Gibbs & Bruns is a leading boutique law firm engaging in high-stakes business and commercial litigation. The firm is renowned for its representation of both plaintiffs and defendants in complex matters, including significant securities and institutional investor litigation, director and officer liability, contract disputes, fraud and fiduciary claims, energy, oil and gas litigation, construction litigation, insurance litigation, trust & estate litigation, antitrust litigation, legal and professional malpractice, and partnership disputes. Gibbs & Bruns is routinely recognized as a top commercial litigation firm in the US. For more information, visit www.gibbsbruns.com.

SOURCE Gibbs & Bruns LLP

http://www.prnewswire.com/news-releases/institutional-bondholders-issue-instructions-to-five-trustees-to-open-investigations-of-ineligible-mortgages-in-over-95-billion-of-jpmorgan-issued-rmbs-135731348.html