Isabelle Ord

Isabelle Ord

DLA Piper

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Rouse v. Wachovia: a victory for national banks

The Ninth Circuit Court of Appeals has ruled in Rouse v. Wachovia Mortgage, FSB that under 28 U.S.C. § 1348, “a national bank is ‘located’ only in the state designated as its main office.” This ruling resolves the important...more

4/11/2014 - Banks Mortgages Residency Requirements Wachovia Wells Fargo

City attempting to seize underwater mortgages via eminent domain: constitutional objections, potential investor losses

The City of Richmond, California has commenced the process for taking by eminent domain hundreds of notes secured by mortgages on underwater residential properties owned by investors through residential mortgage backed...more

8/19/2013 - Eminent Domain Foreclosure Investors Mortgages RMBS Takings Underwater Homeowners

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