On Dec. 19, a five-judge appellate panel dismissed the $330 million lawsuit brought by trustee, HSBC Bank, against Deutsche Bank for breach of reps & warranties and failure to repurchase 8,000 loans in the covered securities because the claim was filed to late.

The court determined that the six-year statute of limitations for mortgage repurchase claims should start on the deals closing date and not when the MBS seller refuses to repurchase loans that breach its contractual assurances, according to a Tuesday Deutsche Bank report.

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