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On November 22, Justice Shirley Werner Kornreich of the Supreme Court of the State of New York partially dismissed a putback action brought by the trustee for the J.P. Morgan Mortgage Acquisition Trust 2006-WMC4 against J.P. Morgan Chase & Co. and WMC Mortgage.

On October 16, 2008, in light of the large number of companies facing delisting from NASDAQ as a result of “the current extraordinary market conditions,” NASDAQ temporarily suspended the requirements for continued listing which mandate that listed companies maintain a minimum bid price and market value of publicly held shares.

Mayer Brown has published a new edition of Licensing Link, a periodic publication that will keep you informed on hot topics and new developments in state licensing laws...

On Friday, December 8, 2023, the Internal Revenue Service issued Revenue Procedure 2024-8, which contains a new list of qualified census tracts for single family Mortgage Revenue Bonds...

The New York Appellate Division, Third Department, recently held that a tax sale foreclosure extinguished a mortgage on a property and, more important, the mortgage was not reinstated when...

On May 21, 2019, the New York legislature passed a bill that, if signed into law by the Governor, will create a "mini-UDAAP" specific to reverse mortgages.

The OCC reported that mortgage performance continued to improve. 96.9% of all mortgages were current and performing, an increase from 94.2% the year earlier.

On August 18, 2015, Judge Denise Cote of the federal district court for the Southern District of New York addressed the appropriate measure of potential damages in an action by Bank of New York Mellon...

On December 16, 2014, the Office of the Comptroller of the Currency ("OCC") issued a revised version of the "Truth in Lending Act" booklet.

On August 5, 2015, RMBS investors filed a putative class action against U.S. Bank, N.A. in the Supreme Court for the State of New York.

The SEC approved a FINRA proposal to amend new FINRA Rule 5131 (New Issue Allocations and Distributions) that simplifies, and delays implementation of, the Rule’s so‑called spinning prohibition, and also delays implementation of the rule’s provision prohibiting members from accepting market orders for the purchase of IPO shares in the secondary market prior to the commencement of trading for the IPO shares.

On April 27, 2016, the Second Circuit Court of Appeals vacated and remanded the district court's summary judgment order entered in favor of defendant Morgan Stanley Mortgage Capital, Inc. in the Southern District of New York.

On February 6, the Second Circuit affirmed a trial court order dismissing repurchase and indemnification claims brought by the Federal Housing Finance Agency.

Seyfarth Shaw's ADA Title III report was referenced in a May 17 story "The Mortgage Industry's Next Headache: Website Accessibility Requirements" from Mortgage Orb on the new focus on...

On June 4, 2015, the CFPB entered into a proposed consent order against a California mortgage company and its CEO.

The SEC published new instructions for the submission of draft registration statements by emerging growth companies (as permitted under the JOBS Act).

In a rare win for mortgage lenders, the 11th Circuit (Florida, Georgia, and Alabama) ruled today that an owner who agrees to "surrender" their residence in bankruptcy court under 11 U.S.C.