"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."
must see video.......
video is from aug 09, 2011.......rt.com.....
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