2nd Circuit Finds Trust's Breach Of Contract Claims Are Time-Barred

(November 17, 2015, 12:49 PM EST) -- NEW YORK — The Second Circuit U.S. Court of Appeals on Nov. 16 affirmed a district court's decision to dismiss claims for breach of contract filed by a trust in relation to breaches of representations and warranties, finding that the case was barred by a six-year statute of limitations (Deutsche Bank National Trust Company, solely as trustee of the GSR Mortgage Loan Trust 2007-OA1 v. Quicken Loans Inc., No. 14-3373, 2nd Cir.; 2015 U.S. App. LEXIS 19874).

(Opinion available. Document #85-151208-008Z.)

The Federal Housing Agency (FHFA)...
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