Election Law & Politics | JD Supra Legal News, Updates, Analysis, & Information

Massachusetts House of Representatives Advances Foreclosure Legislation

by Mintz Levin on 5/18/2012

The Massachusetts House of Representatives yesterday unanimously passed House Bill 4087, “An Act to Prevent Unlawful and Unnecessary Foreclosures.” The bill is designed to get “borrowers and lenders to the table,” according...more

Date’s remarks underscore Bureau’s focus on mortgage reform

by Ballard Spahr LLP on 5/11/2012

On the heels of Director Cordray’s remarks about the CFPB’s focus on debt collection Deputy Director Raj Date spoke to mortgage industry members at MBA’s National Secondary Market Conference in New York City on May 7, 2012...more

May 10, 2012 - The Federal Crimes Watch Daily

by McNabb Associates, P.C. on 5/10/2012

The Federal Crimes Watch Daily is a daily newspaper that discusses current federal criminal issues written by a federal criminal defense attorney....more

Future With Fannie and Freddie Lesser Evil Than With Wall Street?

by Bilzin Sumberg Baena Price & Axelrod LLP on 5/3/2012

Margaret Chadbourn of Reuters recently reported {April 23} that both Republicans and Democrats have “found a rare point of agreement.” They want to phase out or at least substantially reduce the role of the Federal National...more

Georgia Bill 448: Legislation Intended to Limit the Amount Loan Buyers May Collect From Guarantors

by McKenna Long & Aldridge LLP on 5/3/2012

This advisory is an update of a prior advisory, dated March 19, 2012 discussing Georgia Senate Bill 448. On February 27, 2012, the Georgia Senate unanimously passed Bill 448, entitled the “Small Business Protection Act”...more

Bipartisan "Consumer Mortgage Choice Act" Introduced in U.S. House to Expand Dodd-Frank's Exemption for "Qualified Residential...

by Saul Ewing LLP on 4/27/2012

Members of the U.S. House of Representatives from both parties filed on Thursday, March 29, 2012 the "Consumer Mortgage Choice Act" ("CMCA"). If enacted, CMCA would amend Dodd-Frank Act's calculation for determining if a...more

Cherryland and Peaches: State Politicians' Efforts to Protect Bad Boys Garner Mixed Results

by Dechert LLP on 4/27/2012

A few weeks ago Crunched Credit previewed a (now enacted) bit of Michigan legislation entitled the “Nonrecourse Mortgage Loan Act”, which, in fewer than 800 words, seeks to ringfence recourse guarantors’ assets from attack in...more

Stormchaser Legislation and Mechanic’s Liens

by Davis, Brown, Koehn, Shors & Roberts, P.C. on 4/17/2012

April 17 marks the end of legislators’ per diem, but session will continue beyond that date as budget and property tax negotiations continue. Progress has been made however, with most budget bills being assigned to conference...more

Budget 2012 – Stamp Duty Land Tax Reform

by McDermott Will & Emery on 4/13/2012

The UK Government Budget announced by Chancellor George Osborne on 21 March 2012 (the Budget) makes substantial changes in relation to the structure of stamp duty land tax (SDLT). The UK Government Budget announced by...more

Distressed Condominium Relief Act Extended

by Bilzin Sumberg Baena Price & Axelrod LLP on 4/13/2012

On Friday, April 6, 2012, Governor Rick Scott signed HB 517 which contains a provision extending the Distressed Condominium Relief Act (Act) otherwise due to sunset July 1, 2012. The Act was adopted in 2010 as a way to...more

Senators Offer FHFA Suggestions for HARP Program Adjustments

by BuckleySandler LLP on 4/10/2012

On March 30, Senate Banking Committee Democrats, led by Chairman Tim Johnson, sent a letter to Acting Director of the Federal Housing Finance Agency, Edward DeMarco, suggesting changes to the Home Affordable Refinance Program...more

Grassley’s Case Against DOJ Stance on Financial Fraud Is Vastly Overstated

by Ifrah Law - Strategic Defense in Federal... on 4/10/2012

In recent weeks, Sen. Charles Grassley (R-Iowa) has criticized the Department of Justice’s handling of executives that some argue are responsible for the financial crisis. Sen. Grassley, the ranking minority member of...more

Political Battle Continues Over PACE Finance Issues As New Models Spring Up

by Kilpatrick Townsend on 4/4/2012

Originally published in Solar Industry - March 2012. Property Assessed Clean Energy (PACE) programs were designed to provide funding for consumer owned energy retrofits and on-site renewable energy projects by...more

For Investors There May Be a Brighter Side to the “Robo Settlement”

by Bilzin Sumberg Baena Price & Axelrod LLP on 3/27/2012

Further to Phil Stein’s post on Friday, as we continue to parse through the political rhetoric, the fine print of the settlement agreement, and the hoards of misinformation promulgated by the press, we do not believe that...more

Credit Crunch Digest -- February 2012

by Sedgwick LLP on 3/7/2012

This digest collects and summarizes recent media reports regarding potential liability, government initiatives, litigation and regulatory actions arising from the subprime mortgage crisis and credit crunch, as well as the...more

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Election & Politics Law – May 23, 2012

Narrowed by: Residential Real Estate