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Until fairly recently, one of the more difficult problems facing out-of-state lenders making a loan secured by a mortgage on Wisconsin real property involved determining their registration and compliance obligations under the Wisconsin Mortgage Banking Act (the WMBA) as set forth in Chapter 224 of the Wisconsin Statutes.

The Sixth Circuit B.A.P. reverses the bankruptcy court's finding that the mortgagee's claim should be reduced by the amount the mortgagee would have received under the Chapter 13 plan if it had filed a proof of claim.

In March 2012, we discussed proposed legislation in Michigan entitled the Nonrecourse Mortgage Loan Act.

On September 24, the Court of Appeals for the Eleventh Circuit in Patel v. Specialized Loan Servicing, LLC ruled that a group of plaintiffs from Florida and Pennsylvania could not challenge the forced-placed insurance ("FPI") rate their mortgage servicers charged.

Andrew Soven, Dan Booker and Molly Campbell secured a precedential Third Circuit victory of a putative class action asserted against firm client M&T Bank Corp. and its subsidiaries.

The 2nd DCA granted a writ of certiorari and quashed an interlocutory order requiring borrowers to produce private financial records for court-ordered mediation in Morejon v. F&M Real Estate, Inc.

Recently, our colleague Steve Friedberg published an article in AreaDevelopment on "Data Center Development and Financing Strategies".

On January 1, 2015, the final Basel III rules regarding regulatory capital for banks with greater than $500 million in assets and all savings and loan holding companies took effect.

Pryor Cashman represented Cirrus Real Estate Partners in connection with the acquisition, from a major overseas lender, of a $187,000,000 mortgage loan secured...

While the current recordation tax calculation procedures will remain in place until September 30, 2023, as of October 1, 2023, the "consideration payable" or "principal amount of debt secured…

Touting the recently enacted CFPB mortgage rules as evidence of progress in protecting consumers from abusive mortgage practices, Cordray noted several signs of the improving mortgage market.

The FTC sent warning letters to 20 companies, comprised of real estate agents, home builders and lead generators.

On August 15 the Consumer Financial Protection Bureau released updates to its examination procedures in connection with the new mortgage regulations that were issued in January.

In January 2013, the Consumer Financial Protection Bureau issued a series of new rules affecting the mortgage industry.

Servicers should be aware that those who violate the loss mitigation requirements face steep penalties, both monetary and non-monetary.

On May 18, the Consumer Financial Protection Bureau issued a 24-page report regarding consumer usage and default patterns for vehicle title loans.

The FTC is seeking research, recommendations for discussion topics, and requests for panelists in advance of the workshop.

On August 7, the U.S. Court of Appeals for the Ninth Circuit reversed a district court's dismissal of a putative class action alleging violations of the Washington Consumer Protection Act (WCPA)...