ABA Journal

Banking Law

1279 ABA Journal Banking Law articles.

Mortgage Enforcement Targets Lawyers

No lawyers apparently were among the 11 borrowers, sellers and real estate industry professionals arrested today in three separate alleged mortgage fraud schemes in South Florida. But attorneys are likely…

Dems Seek Czar, Cite Mortgage ‘Katrina’

Democratic members of Congress called today for President George W. Bush to appoint a “mortgage czar,” among other measures suggested to deal with record-setting numbers of home mortgage foreclosures resulting…

Latest ID Theft Target: Mayor Bloomberg

Someone at the bank noticed when two fraudulent checks for a total of more than $400,000 were drawn against New York Mayor Michael Bloomberg’s personal account. But an earlier fraudulent…

Five Firms in Attorney Fee Free-for-All

After fighting together to win a settlement in a class action over mortgage lender closing costs, a group of Illinois plaintiffs lawyers squared off for a new battle—fighting with each…

Missing E-Mail Costs Brokerage $12.5 M

After the 9/11 terrorist attacks, Morgan Stanley said it couldn’t produce a number of e-mails in arbitration cases because they had been destroyed along with the company’s New York City…

Cadwalader Sued for Mortgage Transaction

Cadwalader, Wickersham & Taft is facing a $70 million malpractice suit for helping a client package mortgages for sale to investors.

The suit is not tied to the current mortgage…

No Free Lunch: Bank Sued re Sandwiches

The state of Ohio has filed a lawsuit against Citibank contending that a free sandwich offer was deceptive.

Because this and at least one other offer promising free food to…

Cadwalader Boosts Bankruptcy Practice

In an ongoing effort to amp up its financial restructuring practice in the U.S. and abroad, Cadwalader, Wickersham & Taft has hired another six attorneys this week and plans to…

August Foreclosures Soar

In more bad news about the state of the nation’s housing market that can be expected to strengthen calls for regulatory reform and legislation, the latest data shows that mortgage…

Lender Battles Could Cost Homeowners

As if struggling homeowners didn’t already have enough to worry about, insolvent lenders could saddle some with unexpected bills.

In a bankruptcy court battle in Delaware between American Home Mortgage…

Workouts Keep CA Real Estate Lawyers Busy

Fearful lenders are behind a slowdown in the San Francisco real estate market that has extended to high-end commercial transactions and affected the lawyers who handle them.

Besides seeing an…

Suits Follow Mortgage Meltdown

More than a dozen mortgage lenders are facing lawsuits over the subprime mortgage meltdown, and more suits are likely.

The Washington Post reports there is no shortage…

Banks Try to Lend to Subprime Borrowers

As federal and state legislators ponder possible legislation to deal with a spate of mortgage foreclosures attributed to an explosion of risky subprime lending in recent years, some say a…

Nonprofit Offers Payday Loans

A nonprofit organization with a humanitarian mission is now competing with private companies to offer what has to be one of the most usurious forms of lending around: payday loans.…

Subprime Crisis Spotlights #1 Lender

Borrowers with bank accounts obviously are better mortgage risks than those with no assets. Yet, until last year, the nation’s biggest lender reportedly set up its computers to exclude applicants’…

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