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LEHMAN XS TRUST v. GREENPOINT MORTGAGE FUNDING

Docket 17-1290 August Term 2017.

916 F.3d 116 (2019)

LEHMAN XS TRUST, SERIES 2006-GP2, (LXS 2006-GP2), BY U.S. BANK NATIONAL ASSOCIATION, Solely in Its Capacity as Trustee, Lehman XS Trust, Series 2006-GP3, (LXS 2006-GP3), by U.S. Bank National Association, Solely in Its Capacity as Trustee, Lehman XS Trust, Series 2006-GP4, (LXS 2006-GP4), by U.S. Bank National Association, Solely in Its Capacity as Trustee, Plaintiffs-Appellants, v. GREENPOINT MORTGAGE FUNDING, INC., Defendant-Appellee.

United States Court of Appeals, Second Circuit.

Decided: February 6, 2019.

Attorney(s) appearing for the Case

HECTOR TORRES ( David J. Abrams , David J. Mark , on the brief), Kasowitz Benson Torres LLP, New York, NY, for Plaintiffs-Appellants.

THEODORE R. SNYDER ( James A. Murphy , New York, NY; Cameron S. Matheson , Glen Allen, VA, on the brief), Murphy & McGonigle, P.C., for Defendant-Appellee.

Before: WESLEY, CHIN, AND CARNEY, Circuit Judges.

This appeal is the most recent chapter in the ongoing saga of the last decade's housing finance crisis. At the core of the appeal are three trusts (the "Trusts") composed of residential mortgage-backed securities that Defendant-Appellee GreenPoint Mortgage Funding, Inc. ("GreenPoint") sold in 2006 to Lehman Brothers Holding...

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