Commercial Law & Contracts, Securities Law, Residential Real Estate

FHFA Updates Securitization Platform, Contractual And Disclosure Framework Progress

by BuckleySandler LLP on 5/9/2013

On April 30, the FHFA published a progress report on the current design principles and functions on the common securitization platform for residential mortgage-backed securities that it is building. The report explains that...more

It’s Like Déjà Vu – All Over Again – NSW Defers the Abolition of Stamp Duty

by Philip Diviny, Marise Fraser, Murray Landis | K&L Gates LLP on 5/2/2013

Abolition of NSW duties deferred again - The NSW Government has indicated that the abolition of Inter-Governmental Agreement taxes, including duties on: - marketable securities (shares and units) - ...more

Banking & Financial Services E-Note - April 25, 2013

by John Chiles, Benjamin Coulter, Bryan Glover, John Michael Kearns, Mignon Lunsford, Zachary Miller, Jordan Teague | Burr & Forman on 4/26/2013

In This Issue: - Regulators Could Step in with Tougher Rules as Bank Profits Rise - Bill Would Force Study of Basel III Impact on Bank Capital Costs - Regulator Wants Enforcement Powers Against Bank...more

Bank of America Settles Class Action Brought By Mortgage Investors

by Sacha Boegem, Philip R. Stein | Bilzin Sumberg Mortgage Repurchase Group on 4/22/2013

Bank of America has agreed to settle a class-action lawsuit brought by investors who claimed they were misled by its Countrywide unit into buying risky mortgage securities. Bank of America acquired Countrywide Financial, a...more

Lockboxes - Tips from the Trenches

by Staci Pierce | Baker, Donelson, Bearman, Caldwell &... on 4/10/2013

Lockboxes and Cash Management Agreements are being required with increasing frequency in loan originations and workout deals. When carefully planned, lockbox implementation can be seamless. When enforced as an afterthought,...more

New Research Suggests Need To Expand Incentives-Based View Of Housing Crisis

by BuckleySandler LLP on 4/8/2013

Recently, researchers from Princeton and the University of Michigan published a paper that examines the role played in the financial crisis by distorted beliefs about house prices, as opposed to the role of poorly designed...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - April 5, 2013

by BuckleySandler LLP on 4/8/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - PAYMENTS - Excerpt from Payments: CFPB...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - March 29, 2013

by BuckleySandler LLP on 3/29/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - CREDIT CARDS - PAYMENTS -...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - March 22, 2013

by BuckleySandler LLP on 3/25/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - E-COMMERCE -...more

Doing business, or thinking about investing, in Russia? Recent changes to the Russian Civil Code

by Victoria V. Bryxa, Dmitry Gubarev, Alexander Janes | Orrick, Herrington & Sutcliffe LLP on 3/18/2013

In This Presentation: 1. Why were changes needed? 2. How are things changing? 3. The process of change 4. Amendments in place now 5. What is still to change? - 2nd Draft Amendment - 3rd Draft...more

Rating Agency Developments - March 05, 2013

by Orrick - Structured Finance Group on 3/5/2013

On February 27, Fitch published updated criteria on U.S. municipal structured finance. On February 26, Fitch published criteria on U.S. mortgage REITs and similar finance companies. On February 26, Fitch published criteria on...more

The First Circuit Strikes Again in Culhane v. Aurora Servicing! MERS System Passes Legal Muster But Borrowers Granted Standing to...

by Richard Vetstein on 2/16/2013

For the second time in a week, the U.S. Court of Appeals for the First Circuit has issued a major foreclosure opinion, this one in Culhane v. Aurora Loan Servicing of Nebraska, No. 12-1285. Writing for a distinguished panel...more

FHFA Settles One Of Many Pending MBS Suits

by BuckleySandler LLP on 2/4/2013

On January 23, the FHFA settled and voluntarily dismissed one of the lawsuits it initiated in 2011 as conservator for Fannie Mae and Freddie Mac, alleging against many parties that billions of dollars of MBS purchased by the...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - January 25, 2013

by BuckleySandler LLP on 1/29/2013

In This Issue: - FEDERAL ISSUES - STATE ISSUES - COURTS - MISCELLANY - FIRM NEWS - FIRM PUBLICATIONS - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - E-COMMERCE - Excerpt from...more

Dodd-Frank News: January 2013: Dodd-Frank Wall Street Reform And Consumer Protection Act Monthly Update

by Rachel Cash, David Elliott, Kristin Peters, Jordan Teague | Burr & Forman on 1/25/2013

In This Issue: - RECENT CASES . Dodd-Frank Challenges Under the Administrative Procedure Act and Commodity Exchange Act . Preemption . Whistleblower Protection Under the Dodd-Frank Act . Arbitration...more

Orrick's Financial Industry Week in Review - January 22, 1013

by Orrick, Herrington & Sutcliffe LLP on 1/25/2013

In This Issue: *Financial Industry Developments - CFPB Final Rule on Mortgage Servicing Standards - Joint Rule on Appraisals for Higher-Priced Mortgage Loans - CFPB Final Rule on Written Appraisals - SEC...more

Corporate and Financial Weekly Digest - January 18, 2013

by Katten Muchin Rosenman LLP on 1/21/2013

In this issue: - SEC Approves NYSE and NASDAQ New Compensation Committee and Adviser Listing Standards - SEC Extends No-Action Letter Permitting Broker-Dealers to Rely on Certain Investment Advisers to Conduct...more

Orrick's Financial Industry Week in Review - January 14, 2013

by Orrick, Herrington & Sutcliffe LLP on 1/18/2013

In This Issue: - Financial Industry Developments •CFPB Rules on Ability-to-Repay and Qualified Mortgages •Independent Foreclosure Review Settlement •CFPB Final Rules on High-Cost Mortgages •Rating Agency...more

Countrywide’s Dilemma

by Philip R. Stein | Bilzin Sumberg Mortgage Repurchase Group on 12/17/2012

How can Countrywide/B of A even keep a straight face when it argues that correspondent lenders need to pay it outrageous amounts of money to settle claims for actual or potential losses?...more

DOC Gives Notice of New Filing Requirements For Real Estate Issuers

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 12/6/2012

New Filing Requirements - Yesterday, the Commissioner of Corporation issued Release 121-C announcing new filings required by Corporations Code Section 25102.2 which takes effect on January 1, 2013. As discussed in Bill...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry, October 5 2012

by BuckleySandler LLP on 10/8/2012

In This Issue: - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - CREDIT CARDS - E-COMMERCE Excerpt From Federal Issues: CFPB Continues Credit Card Enforcement Activity. On October...more

CFPB Proposes New Servicing Rules

by Jonathan Foxx on 9/26/2012

Recently, the Bureau of Consumer Financial Protection (Bureau) issued proposed rules (Proposal) to amend Regulation X, which implements the Real Estate Settlement Procedures Act (RESPA) and the official interpretation of the...more

Orrick's Financial Industry Week In Review - September 24, 2012

by Orrick, Herrington & Sutcliffe LLP on 9/24/2012

In This Issue: - Financial Industry Developments · FHFA Request for Comment on State-Level Guarantee Fee Pricing · OCC Guidance on 1- to 4-Family Residential Real Estate · Rating Agency Developments...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - September 14 2012

by BuckleySandler LLP on 9/21/2012

Topics Covered In This Issue: - FEDERAL ISSUES - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - E-COMMERCE - PRIVACY/DATA SECURITY - CRIMINAL ENFORCEMENT - Excerpt From FEDERAL...more

Infobytes - A Weekly In-depth review of news & developments in the financial services industry - September 7 2012

by BuckleySandler LLP on 9/11/2012

TOPICS COVERED IN THIS ISSUE: - MORTGAGES - BANKING - CONSUMER FINANCE - SECURITIES - CREDIT CARDS - E-COMMERCE - PRIVACY / DATA SECURITY - PAYMENTS – INSURANCE Excerpt From FEDERAL ISSUES: CFPB Releases...more

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Commercial Law & Contracts › Securities Law › Residential Real Estate