This alert is meant to supply some valuable information for landlords that currently hold tenant letters of credit from Silicon Valley Bank (“SVB”).
SVB was closed this morning by the California Department of Financial...more
The United States Supreme Court recently issued a unanimous decision in Obduskey v. McCarthy & Holthus LLP holding that entities engaged in the principal purpose of enforcing security interests are not, with limited...more
A divided panel of the Ninth Circuit recently published a decision in Zabriskie v. Federal National Mortgage Association, in which the court addressed the question of whether Fannie Mae's use of proprietary underwriting...more
A PRIMER ON KEY CASES AFFECTING COMMERCIAL REAL ESTATE LENDERS IN CALIFORNIA -
When will the next economic downturn arrive? Prognosticators give a wide variety of opinions on that question, with some predicting many months...more
Lenders pursuing foreclosure of residential properties in California must satisfy the requirements of the California Homeowner Bill of Rights (HBOR), set forth at Cal. Civ. Code Sections 2920, et seq. HBOR's requirements...more
In a decision recently certified for publication, Bear Creek Master Ass'n v. S. Cal. Inv'rs, Inc., the California Court of Appeal found that an assessment lien recorded against a golf course property in 2014 had priority over...more
Two recent decisions from the Fifth Circuit and Eighth Circuit could expand the fraudulent transfer exposure of unknowing third parties that provide goods, services, or funding to companies operating Ponzi...more
5/19/2015
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The Golf Channel
The Consumer Financial Protection Bureau ("CFPB") recently amended Regulation P, which requires – in connection with the Gramm-Leach-Bliley Act – that financial institutions provide an annual disclosure of their privacy...more
In a recent decision, Lueras v. BAC Home Loans Servicing, LP, 2013 Cal. App. LEXIS 886, the California Court of Appeal returned to the general rule that, absent unique circumstances giving rise to a duty of care, lenders do...more
California's Legislature responded to the residential foreclosure crisis by, among other things, enacting new statutes aimed at clarifying the rights of borrowers facing foreclosure and imposing new restrictions on...more