HW Media connects and informs decision makers across the housing economy. Professionals rely on HW Media for breaking news, reporting, and industry data and rankings. Moving the Housing Market Forward.
Is it possible lawyers may end up having a say in the value of so-called Level 3 assets? Believe it or not, it’s actually possible. Luminent Mortgage Capital earlier this week sued a unit of Barclays PLC, saying the bank had improperly marked down the value of bonds it held as collateral for financing, leading to a margin call that Luminent characterized as a “money grab.”