In Re Weisband’s Empirical Analysis

Citation profile

2 state decisions

Most-quoted passages

The sentences later courts lift from this opinion, ranked by how many decisions quote each — the parts of the opinion doing the work. These counts are smaller than the citation total above because most of the 17 citing decisions cite the case generally; a passage count includes only decisions quoting that exact language verbatim.

1. “The transfer to the special purpose trust must constitute a true sale, so that the party transferring the assets reduces its potential liability on the loans and exchanges the fairly illiquid loans for much more liquid cash.” Id. at 542 . Next, the SPV issues securities which the assignee sells to investors. Id. at 539 . Once the securities have been sold, the SPV is not actively involved. It”

   1 later decision quote this exact passage
   e.g. In Re Alcide

2. “[B]ecause the Debtor executed the Note and received consideration ... the contract is enforceable regardless of who provided the funding. In other words, the fact that the funds for a borrower’s loan are supplied by someone other than the loan originator, does not invalidate the loan or restrict enforcement of the loan contract to the parties who funded the loan.”

   1 later decision quote this exact passage
   e.g. Smith v. CitiMortgage, Inc. (In re Smith)

3. “This lender quickly sells the loan to a different financial entity, which pools the loan together with a host of other loans in a mortgage pool.” Id. at 538 . The assignee then transfers the mortgages in the pool to another entity, which in turn transfers the loans to a special purpose vehicle (”

   1 later decision quote this exact passage
   e.g. In Re Alcide