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Adam Levitin’s Amicus Brief in CMBS Deal | La VILLITA MOTOR INNS v. ORIX CAPITAL MARKETS

Adam Levitin’s Amicus Brief in CMBS Deal | La VILLITA MOTOR INNS v. ORIX CAPITAL MARKETS


Could this be the Ibanez of CMBS?

AMICUS BRIEF IN SUPPORT OF APPELLANT’S PETITION FOR REVIEW

La Villita Motor Inns, J.V., Executive Motels of San Antonio, Inc., and S.A. Sunvest
Hotels, Inc
.

Appellant,

v.

Orix Capital Markets, LLC, Bank of America, N.A. LNR Partners, Inc., Capmark
Finance, Inc., Nicholas M. Pyka as Trustee, Michael N. Blue as Trustee, and Greta E.
Goldsby as Trustee
,

Appellees.

Excerpt:

INTRODUCTION

This case involves a controversy about mortgage servicing. Mortgage servicing is the administration of mortgage loans—the collection of payments and management of defaults—on behalf of third parties. Mortgage servicing is an essential component of mortgage securitization, which is the predominant method for financing commercial mortgages in major metropolitan markets and for financing residential mortgages nationwide.

Continue reading below…

[ipaper docId=53270473 access_key=key-1zkex8darfag1jk7wyxb height=600 width=600 /]

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