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…
After months of concern over the state of the nation’s mortgage market, a leading Democrat has introduced legislation in the House of Representatives that would create a consumer bill of…
In the latest of a series of aggressive efforts by the state of Massachusetts to deal with the local effects of a national crisis in mortgage lending, the governor announced…
Mortgage foreclosures nationwide last month were down a bit from August’s blistering pace, but were still nearly double the number in September 2006. And, although a so-called subprime mortgage meltdown…
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