Arbitration Victory on Behalf of Large Regional Bank Client

PJ Hines won an arbitration on behalf of a large regional bank client. The case involved a mortgage loan originator who sold a mortgage loan to the bank. After the sale, the loan immediately defaulted. The originator sought to recover funds it had deposited with the bank in order to make the bank whole from the default. The arbitrator found that the bank was entitled to retain the entire deposit, including all accrued interest.