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	<title>The Subprime Shakeout</title>
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	<description>A Legal Perspective on Subprime MBS and the Broader Financial Crises</description>
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		<title>Wells Fargo Asks Court to Reject JPMorgan’s “Ostrich Defense” to CMBS Representation and Warranty Breaches, as Additional Putback Litigation Hits Civil Dockets</title>
		<link>http://www.subprimeshakeout.com/2026/10/wells-fargo-asks-court-to-reject-jpmorgans-ostrich-defense-to-cmbs-representation-and-warranty-breaches-as-additional-putback-litigation-hits-civil-dockets.html</link>
					<comments>http://www.subprimeshakeout.com/2026/10/wells-fargo-asks-court-to-reject-jpmorgans-ostrich-defense-to-cmbs-representation-and-warranty-breaches-as-additional-putback-litigation-hits-civil-dockets.html#respond</comments>
		
		<dc:creator><![CDATA[Isaac Gradman]]></dc:creator>
		<pubDate>Fri, 02 Oct 2026 16:54:06 +0000</pubDate>
				<category><![CDATA[allocation of loss]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[bondholders]]></category>
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		<category><![CDATA[putbacks]]></category>
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		<category><![CDATA[Wells Fargo]]></category>
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		<guid isPermaLink="false">http://www.subprimeshakeout.com/?p=1377</guid>

					<description><![CDATA[UPDATE: Following the publication of this post, on October 5, 2026, Judge Ho entered an Order (Dkt. 115) denying both parties’ requests for leave to file summary judgment motions, noting that summary judgment would be “inappropriate in these circumstances.” Order &#8230; <a href="http://www.subprimeshakeout.com/2026/10/wells-fargo-asks-court-to-reject-jpmorgans-ostrich-defense-to-cmbs-representation-and-warranty-breaches-as-additional-putback-litigation-hits-civil-dockets.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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		<item>
		<title>Federal Bar Association to Host Exciting Panel this Week &#8211; The Next Commercial Mortgage-Backed Securities Reckoning: Enforcement, Whistleblowers, and Putback Litigation</title>
		<link>http://www.subprimeshakeout.com/2026/06/federal-bar-association-to-host-exciting-panel-this-week-the-next-commercial-mortgage-backed-securities-reckoning-enforcement-whistleblowers-and-putback-litigation.html</link>
					<comments>http://www.subprimeshakeout.com/2026/06/federal-bar-association-to-host-exciting-panel-this-week-the-next-commercial-mortgage-backed-securities-reckoning-enforcement-whistleblowers-and-putback-litigation.html#respond</comments>
		
		<dc:creator><![CDATA[Isaac Gradman]]></dc:creator>
		<pubDate>Mon, 15 Jun 2026 18:12:37 +0000</pubDate>
				<category><![CDATA[allocation of loss]]></category>
		<category><![CDATA[Attorneys General]]></category>
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		<guid isPermaLink="false">http://www.subprimeshakeout.com/?p=1367</guid>

					<description><![CDATA[This Thursday, June 18, I&#8217;m excited to join an extremely knowledgeable panel hosted by the Federal Bar Association entitled, &#8220;The Next Commercial Mortgage-Backed Securities Reckoning: Enforcement, Whistleblowers, and Putback Litigation.&#8221; I&#8217;d be honored to have any fans of The Subprime &#8230; <a href="http://www.subprimeshakeout.com/2026/06/federal-bar-association-to-host-exciting-panel-this-week-the-next-commercial-mortgage-backed-securities-reckoning-enforcement-whistleblowers-and-putback-litigation.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Wells Fargo Borrows Heavily from RMBS Greatest Hits to Prevail in First Major Test for CMBS Putbacks</title>
		<link>http://www.subprimeshakeout.com/2026/05/wells-fargo-borrows-heavily-from-rmbs-greatest-hits-to-prevail-in-first-major-test-for-cmbs-putbacks.html</link>
					<comments>http://www.subprimeshakeout.com/2026/05/wells-fargo-borrows-heavily-from-rmbs-greatest-hits-to-prevail-in-first-major-test-for-cmbs-putbacks.html#respond</comments>
		
		<dc:creator><![CDATA[Isaac Gradman]]></dc:creator>
		<pubDate>Wed, 20 May 2026 17:59:29 +0000</pubDate>
				<category><![CDATA[allocation of loss]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[bondholder actions]]></category>
		<category><![CDATA[bondholders]]></category>
		<category><![CDATA[borrower fraud]]></category>
		<category><![CDATA[Certificateholders]]></category>
		<category><![CDATA[Chetrit]]></category>
		<category><![CDATA[CMBS]]></category>
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		<category><![CDATA[pooling agreements]]></category>
		<category><![CDATA[private label MBS]]></category>
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		<category><![CDATA[quinn emanuel]]></category>
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		<category><![CDATA[RMBS]]></category>
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		<category><![CDATA[Wells Fargo]]></category>
		<category><![CDATA[motion to dismiss]]></category>
		<category><![CDATA[putback litigation]]></category>
		<guid isPermaLink="false">http://www.subprimeshakeout.com/?p=1350</guid>

					<description><![CDATA[Wells Fargo has prevailed over JPMorgan in one of the first major tests for CMBS putback litigation involving the repurchase of an allegedly defective commercial mortgage loan. <a href="http://www.subprimeshakeout.com/2026/05/wells-fargo-borrows-heavily-from-rmbs-greatest-hits-to-prevail-in-first-major-test-for-cmbs-putbacks.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>0</slash:comments>
		
		
			</item>
		<item>
		<title>Cracks in Commercial Real Estate Market Usher in All-Too-Familiar CMBS Putback Litigation and Risk of Broader Distress</title>
		<link>http://www.subprimeshakeout.com/2026/03/cracks-in-commercial-real-estate-market-usher-in-all-too-familiar-cmbs-putback-litigation-and-risk-of-broader-distress.html</link>
					<comments>http://www.subprimeshakeout.com/2026/03/cracks-in-commercial-real-estate-market-usher-in-all-too-familiar-cmbs-putback-litigation-and-risk-of-broader-distress.html#comments</comments>
		
		<dc:creator><![CDATA[Isaac Gradman]]></dc:creator>
		<pubDate>Mon, 23 Mar 2026 20:29:27 +0000</pubDate>
				<category><![CDATA[allocation of loss]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[bondholder actions]]></category>
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		<category><![CDATA[borrower fraud]]></category>
		<category><![CDATA[broader credit crisis]]></category>
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		<category><![CDATA[mortgage market]]></category>
		<category><![CDATA[pre-investment due diligence]]></category>
		<category><![CDATA[putbacks]]></category>
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		<guid isPermaLink="false">http://www.subprimeshakeout.com/?p=1317</guid>

					<description><![CDATA[It has been said that history repeats itself. This is perhaps not quite correct; it merely rhymes. &#8211; Theodor Reik, 1965, Curiosities of the Self: Illusions We Have about Ourselves&#160; I am reminded frequently of the above quote when I &#8230; <a href="http://www.subprimeshakeout.com/2026/03/cracks-in-commercial-real-estate-market-usher-in-all-too-familiar-cmbs-putback-litigation-and-risk-of-broader-distress.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>2</slash:comments>
		
		
			</item>
		<item>
		<title>Who’s Watching the Watchmen?  RMBS Trustees Come Under Fire as Investors Launch Next Wave of Lawsuits</title>
		<link>http://www.subprimeshakeout.com/2014/07/whos-watching-the-watchmen.html</link>
					<comments>http://www.subprimeshakeout.com/2014/07/whos-watching-the-watchmen.html#comments</comments>
		
		<dc:creator><![CDATA[igradman]]></dc:creator>
		<pubDate>Thu, 03 Jul 2014 12:45:28 +0000</pubDate>
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		<guid isPermaLink="false">http://www.subprimeshakeout.com/?p=1276</guid>

					<description><![CDATA[“When one door closes, another door opens; but we so often look so long and regretfully upon the closed door, that we do not see the ones which open for us.” ― Alexander Graham Bell The face of RMBS litigation &#8230; <a href="http://www.subprimeshakeout.com/2014/07/whos-watching-the-watchmen.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		
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			<slash:comments>7</slash:comments>
		
		
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