New York Principal Courtney Statfeld contributed to an article, "Court Ruling Could Impact Clean-Up Call Activity," published by Inside Mortgage Finance. The article reviews a recent ruling by the Orange County Superior Court that could have far-reaching consequences on non-agency MBS clean-up call price calculations. When reached for comment, Courtney stated, "This ruling sets the stage for fair compensation for investors in future clean-up calls. Investors should carefully review past clean-up calls to ensure they were paid the price the contract required."
The article can be found here.