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2 Aug 2017, 8:22 pm by robin.hall@capstonelawyers.com
The panel found that Provident Savings Bank’s mortgage underwriters qualify for neither the “administrative exemption” nor the “white-collar exemption” from the FLSA overtime requirements, reversing the district court’s grant of summary judgment in favor of the bank. [read post]
--More stuff on the CFPB--Proposed changes to Reg Z to enhance consumer protections for closed end mortgages, reverse mortgages and HELOCs. [read post]
20 Mar 2017, 7:27 pm by Michael Stevens
Nationstar Mortgage LLC Court of Appeals Published Opinion Reversing and Remanding (Jefferson) 11. [read post]
9 Nov 2016, 1:41 pm by SueAnn Yue
On November 8, 2016, DBRS published its ratings methodology for Canadian residential mortgages, home equity lines of credit and reverse mortgages. [read post]
7 Jun 2019, 11:12 am
Seniors were sold a risk-free retirement with reverse mortgages. [read post]
14 Feb 2010, 9:01 am by W.F. "Casey" Ebsary, Jr.
 The FBI notes and federal criminal defense attorney Halim concurs there are some emerging trends in Mortgage Fraud prosecutions including "reverse mortgage fraud schemes, credit enhancement schemes, builder bailout schemes, condominium conversion schemes, foreclosure rescue schemes, serial property flipping, and short sales schemes. [read post]
11 Jul 2011, 10:08 pm by Walter Olson
“Wells Fargo & Co. decided to exit reverse mortgages after federal officials insisted it foreclose on elderly customers who were behind on property tax and insurance payments, a Wells executive wrote in an email to business contacts Friday. [read post]
1 Mar 2011, 11:13 am by Kevin M. Doherty, Esq.
Now that the MBA’s dire predictions seem as they may come true, will the DOL re-reverse itself and conclude that mortgage loan officers were actually exempt all along? [read post]
23 Oct 2015, 10:02 am by Kirk Jenkins
” Such a definition plainly extended to land trusts in reverse mortgages, the Court found. [read post]
23 Jul 2010, 7:24 am by Legal Profession
The New Jersey Appellate Division reversed an order disqualifying counsel in a divorce case, concluding that "disqualification of plaintiff's attorney was not an available remedy for violation of Rule 5:3-5(b), which prohibits an attorney from taking a mortgage to secure... [read post]
23 Jan 2017, 10:02 am by Christopher P. Hahn
The Appellate Division of the Circuit Court of the Fifteenth Judicial Circuit in and for Palm Beach County, Florida recently reversed summary judgment in favor of a mortgage loan servicer in a case filed by a borrower under the Florida Consumer Collections Practices Act (FCCPA), holding that: (a) the account statement at issue improperly attempted […]Christopher P. [read post]
26 Mar 2007, 5:14 am
In a reversal, Morgan Stanley is in the process of holding an auction for $2.48 billion in mortgages from subprime lender New Century, The New York Post reported Monday. [read post]
15 Feb 2011, 9:34 am by Julie Triedman
If approved, the Obama administration's proposals for changing the way the government-sponsored mortgage giants operate would reverse a half-century's worth of policies aimed at promoting home ownership, according to top securitization lawyers. [read post]