Federal Judge Allows Statistical Expert To Testify On Liability In Mortgage Lending Case

(January 4, 2016, 11:26 AM EST) -- NEW HAVEN, Conn. — A statistical expert witness may testify in a residential mortgage-backed securities (RMBS) case on a mortgage lender’s liability for alleged breaches of contractual representations and warranties of nonperforming mortgages, a Connecticut federal judge held Dec. 30 (Law Debenture Trust Company of New York, solely in its capacity as separate trustee of the Securitized Asset Backed Receivables LLC Trust 2006-WM2 v. WMC Mortgage, LLC f/k/a WMC Mortgage Corp., No. 12-1538, D. Conn.; 2015 U.S. Dist. LEXIS 173094).

(Ruling available. Document #30-160115-020Z.)

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