Securitization refers to the habit of pooling and you can packing financing having selling so you’re able to people
The fresh new Torrey Pines legal awarded an excellent writ out-of mandate leading brand new straight down court to convey new Bank’s action having summary view. (Torrey Pines, supra, 216 Cal.Software.three-dimensional. on p. 824.) They determined res judicata barred White’s affirmative defenses since “[s]uch affirmative protections assert the same nucleus away from operative facts and you can raise the same legalities once the the individuals so-called from inside the [his] earliest amended criticism in case matter 597676. White’s voluntary dismissal which have prejudice off their lawsuit in case number 597676 constituted a retraxit and you may devotion to your deserves invoking the latest beliefs from res judicata barring relitigation of those factors since affirmative protections but if amount N38961.” (Id. within pp. 819–820.) The fresh Torrey Pines judge informed me, “White’s dismissal with bias however, if count 597676 banned some other step by Light against the Bank according to research by the same factual basis so-called within his very first revised ailment” and you may kept “White’s dismissal with bias also precluded your out of saying those individuals identical products given that affirmative protections into Bank’s ailment however, if number N38961.” (Id.