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» VISIT US ONLINE @ DSNEWS.COM 83 co-extensive with those contained in the Agreements," Chapman wrote in her 115-page opinion on the matter. Giving a background of the case Chap- man said that pursuant to LBHI's agreement to settle with Fannie Mae and Freddie Mac in 2014, the Plan Administrator for LBHI's bankruptcy case had identified over 11,000 loans and over 3,000 potential counterparties against which LBHI "allegedly held third- party contractual claims for indemnification and/or reimbursement by virtue of the GSE settlements." To manage this volume of claims, the court had authorized the Plan Administrator to implement a prelitigation mediation protocol with the sellers from which it sought indem- nification. "To further facilitate its pursuit of recover- ies from those Sellers with whom mediation was unsuccessful, the Plan Administrator initiated adversary proceedings in this Court, including those at issue here, against more than one hundred Sellers (including the De- fendants) in tandem with six previously-filed adversary actions," Chapman wrote. PENNSYLVANIA Radian Unveils New Brand Pennsylvania-headquartered Radian Group Inc. announced that they are unveiling "bold, new visual identity" for the company. CEO Rick ornberry explained, "Our new brand identity better communicates what Radian stands for today and what we aspire to be in the future. It reflects our strong heritage and emphasizes our forward-thinking mindset." Radian and its subsidiaries offer a full spec- trum of residential mortgage and real estate products and services, including mortgage and title insurance, appraisal products, nonagency securitization reviews, secondary marketing support, and custom insurance products for investors seeking to participate in emerging risk-sharing opportunities. ornberry added, "e new Radian is dedicated to disrupting existing business mod- els to enable our customers to better transact and manage risk across the mortgage and real estate spectrum. Unlike traditional mortgage insurance companies, we're able to offer a much broader, more diversified set of products and services to our customers. at puts us in a unique position to deliver on the mortgage industry's need for innovation as it adapts to new expectations for speed, transparency, and percent to 20.6 percent, respectively. e survey also found that respondents were slightly more pessimistic about the chances of finding a job if they lost theirs. According to the Fed, the mean perceived probability of finding a job declined to 57.8 percent in August, falling below its 12-month trailing average of 59.0 percent, but remaining within its tight 57.1 to 60.1 range observed since July of 2017. Judge Denies Motion to Transfer in Lehman Indemnity Suit Around 100 mortgage lenders who had filed a motion to transfer the case with Lehman Brothers Holdings Inc. (LBHI) to a district court were denied their application by Judge Shelley C. Chapman, who ruled that LBHI could continue to pursue its indemnity claims against these companies in the New York Bankruptcy Court. Dismissing the motion filed by the mort- gage sellers to transfer their case to a district court, Chapman ruled that the interest of justice, "which favors centralizing litigation in one forum to (i) avoid duplicative litigation; (ii) save time and expense; and (iii) efficiently administer adversary proceedings based on similar claims weighs heavily here in favor of retaining venue of all of the Adversary Pro- ceedings in this Court." "It bears emphasis that multiple federal courts across the country, when confronted with litigation related to the Indemnifica- tion Claims, have agreed that this Court is the most appropriate forum to hear these Adversary Proceedings, given its extensive experience with Lehman matters and with the Indemnification Claims in particular," Chap- man said. e claim filed by LBHI relates to its allegations that these mortgage sellers sold or submitted defective mortgage loans into LBHI's loan sale and securitization channels. LBHI claims that it has the right to a third- party indemnification claim against them for its liability to Fannie Mae and Freddie Mac. e company had settled with the GSEs in 2014. "Specifically, the Complaints allege that it was Defendants' breaches of the representa- tions, warranties, and/or covenants under the Agreements that caused LBHI to have to compensate the GSEs pursuant to agreements between LBHI and the GSEs that contained representations, warranties, and/or covenants accountability." "In today's market, particularly in financial services and mortgage finance, standing still is not an option," Radian CFO Frank Hall noted. "Our One Radian model uniquely blends many decades of risk-management ex- pertise with the power of data, technology, and analytics to disrupt the landscape. It allows us to be insightful, as well as agile, as we bring new and needed solutions to the mortgage and real estate industries." Radian currently operates as a family of companies that includes Radian Guaranty, Radian Reinsurance, Clayton Holdings, Green River Capital, ValuAmerica, Entitle Direct, and Red Bell Real Estate, LLC. Over time, Radian's new logo will unite all of its businesses under one brand. A dedicated website has been established at Radian.com to showcase the company's business strategy and brand identity, and to keep customers informed with updates as Radian transitions its businesses to its new brand. According to the Pennsylvania Poverty Snapshot, released by the Coalition for Low-Income Pennsylvanians and the Coalition on Human Needs in October 2018, more than 1.5 million Pennsylvanians live in poverty, with another 3.5 million classified as "near-poor." KNOW THIS

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