It isn’t just people with poor credit who are now suffering in the aftermath of a subprime lending spree. And, although a federal government plan is supposed to be announced…
Legislation pending in Congress would allow bankruptcy judges to help stave off foreclosures on primary homes by adjusting the mortgage terms and even forgiving part of the debt.
After the subprime mortgage meltdown in the U.S. and a resulting worldwide credit crunch worsens, a traditional law firm taboo against suing banks has been relaxed as related litigation looms.
Although there has been an explosion of mortgage foreclosures throughout the country during the past year, one 43-story building in Miami’s international banking district is at what could be considered…
The last few months have not been good ones for the global banking industry, as rapidly rising mortgage defaults sparked a credit crisis. But the situation may get even worse…
Charlie Geffen readily admits he’s something of a workaholic. But, the British lawyer says, it doesn’t take an academic whiz to be one of the world’s most successful private equity…
Bankruptcy court filings indicate that some lenders and loan servicers foreclosing on properties are charging questionable fees and misstating outstanding balances.
As the subprime mortgage meltdown and a resulting global credit crunch have created a surge of litigation against lenders, some of the world’s major law firms are caught in a…
In violation of federal lending regulations, a major real estate appraisal company and two of the nation’s biggest savings and loans participated in a scheme to inflate the value of…
Facing a surge of possible foreclosures and potential federal legislation to strengthen lending standards, the nation’s largest home-mortgage lender will allow 82,000 or so customers holding some $16 billion worth…
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