News & Analysis as of September 22, 2024

Foreclosure › Housing Market

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Foreclosure is a legal process whereby a lender seeks to force the sale of a mortgaged property in order to recover the balance of a delinquent loan. Recently, the foreclosure process has been the subject of greater legislative and judicial scrutiny after systemic abuses were uncovered during the widespread foreclosure crisis resulting from the Great Recession. less -

AB 2170 Changes California Law on Foreclosure Sales

Snell & Wilmer on 7/27/2023

California changed its law at the beginning of the 2023 to require that certain sellers of foreclosed properties containing one to four residential units only accept offers from eligible bidders during the first 30 days after...more

The Impact of Interest Rate Hikes on the Housing Market

Tonkon Torp LLP on 5/16/2022

On May 4, after a two-day policy meeting, U.S. Federal Reserve Chairman Jerome Powell announced the first of what is likely to be several interest-rate increases in 2022. The first, a 50-basis-point increase, is the single...more

Federal Housing Agencies and GSEs Announce Updates to COVID-19 Relief Measures for Mortgage Loan Borrowers

Mayer Brown on 6/24/2020

In recent weeks, the US federal housing agencies and government-sponsored enterprises (GSEs) that insure, guarantee, or purchase “federally backed mortgage loans” covered by Section 4022 of the CARES Act (Act) have continued...more

Financial Services Committee Proposes Additional Relief Relating To Coronavirus Pandemic

Burr & Forman on 4/17/2020

On April 6, 2020, the Chairwoman of the House Financial Services Committee, Maxine Waters, issued a broad memo outlining additional Democratic priorities for any subsequent Coronavirus relief package....more

Real Property, Financial Services, & Title Insurance Update: Week Ending January 3, 2020

Carlton Fields on 1/23/2020

Real Property Update - Quiet Title: Trial court abused discretion by entering final judgment quieting title when jury did not determine (1) whether plaintiffs were entitled to legal or equitable title or (2) which deed was...more

Your Daily Dose of Financial News

Robins Kaplan LLP on 4/24/2017

The Times gives us an intriguing long read on Uber’s Travis Kalanick, the controversial CEO whose vision has helped propel the ride-hailing company even as his no-limits approach has led the company into months of crisis....more

Your Daily Dose of Financial News

Robins Kaplan LLP on 12/6/2016

Blackstone is spinning off a new housing maintenance and rental venture in the form of Invitation Homes LP, which could see an IPO as early as January 2017. Invitation Homes is the culmination of a four-year, $10 billion...more

West Coast Real Estate Update: October 2016 #1

Holland & Knight LLP on 10/10/2016

California Coastal Act Blocks Housing Project in Venice Despite Earlier Approvals - Judge James C. Chalfant of the California Court of Appeal on Sept. 29, 2016, affirmed a lower court ruling denying a developer’s petition...more

West Coast Real Estate Update: March 2016 #2

Holland & Knight LLP on 3/9/2016

FDIC Clarifies "Abandoned Foreclosures" Guidelines - The Federal Deposit Insurance Corporation (FDIC) clarified on March 2, 2016, its existing guidelines with respect to the decision by any FDIC-supervised institution to...more

New York Fed Introduces Community Credit Information Tool

Orrick - Finance 20/20 on 10/9/2014

On September 29, the New York Fed released a new informational tool about home prices, distressed sales, delinquencies and foreclosures at the national, state and county levels....more

Governor Scott Signs Expedited Foreclosure Bills

Burr & Forman on 6/27/2013

Legislative Response to the Mortgage Foreclosure Crisis - The mortgage foreclosure crisis has exacted a toll on Florida’s economy and judiciary. In the span of four years, foreclosure filings in Florida increased almost...more

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Foreclosure › Housing Market

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