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Christine Brunie

Christine Brunie
Senior Advisor
(646) 246-6962
Contact person by email

Christine Brunie is Oakleaf's newest Senior Advisor.  After serving as Managing Director in our Modeling and Analytics Group, she has transitioned to supporting Oakleaf's clients and projects as a subject matter expert.  Christine has 20+ years’ experience in the structured finance sector.  During her career, she has held numerous capital market positions relating to credit, underwriting and operational risk.  Christine's areas of expertise include US RMBS, US and International Consumer and Commercial esoteric asset sectors covering the following sectors: timeshare, whole business securitization, student loans, fleet rental, autos, credit card, medical receivables, railcar, and marine containers.  Prior to joining Oakleaf Group, Christine held various positions consisting of buy side asset management, consumer finance, monoline insurance, rating agency entities.

Appeal denied to overturn $839 million RMBS award

Appeal denied to overturn $839 million RMBS award

Christine Brunie
Senior Advisor
Plaintiff’s win – Defendants Nomura and RBS tried unsuccessfully on appeal to prove the mortgage / bond losses were attributable to the broader financial crisis in 2008.
As a leading provider of litigation services, Oakleaf follows the securities litigation industry very closely. To support our clients in this arena we provide modeling expertise, loan file underwriting, data analytics and testifying expertise. Below we have summarized a recent ruling that is particularly pertinent to that work: an appeal decision for the first mortgage-backed security fraud case which originally went to trial in 2015.
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Optional Call and Redemption Process for Non-Agency RMBS

Christine Brunie
Senior Advisor
A review of a large sample of non-agency RMBS transactions, which are backed by varying types of collateral, revealed that optional call eligibility varied depending upon the type and vintage of underlying collateral. Based on the review sample, the trusts, backed by subprime collateral, are the...
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Trustee Bond Administration Quality Varies Significantly

Trustee Bond Administration Quality Varies Significantly

Christine Brunie
Senior Advisor
Under my direction, the Modeling and Analytics division of Oakleaf Group aggregates published loan level data for RMBS transactions and checks the “waterfall” cash allocation rules that apply to each trust. We have reconciled hundreds of trusts over thousands of remittance months administrated by...
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Wells Fargo agreed to a Settlement with Several Groups of Institutional Investors in November 2018 – The Date to be Excluded from this Settlement is April 15, 2019

Christine Brunie
Senior Advisor
This settlement involves two class action lawsuits relating to Wells Fargo’s role as trustee for residential mortgage-backed securities issued pre-crisis. According to the Notice of Pendency of Class Action the settlement relates to 271 residential mortgage-backed securities trusts held or acquired...
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Deep Dive – Moody’s Recent RMBS Rating Action

Deep Dive – Moody’s Recent RMBS Rating Action

Christine Brunie
Senior Advisor
On April 15, 2020 Moody’s placed 404 classes (bond) of legacy US RMBS on review for downgrade, and downgraded and placed on review for further downgrade 48 classes for a total of 441 classes impacted. The 48 downgrades ranged from 1 to 4 notches. All the classes downgraded are now rated Baa3, the...
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