1278 ABA Journal Banking Law articles.
A federal judge is permitting a lawsuit to go forward that claims lawyers, lenders and real estate professionals duped inexperienced home buyers into overpaying for substandard homes in New York.
…Aug 23, 2007 3:56 PM CDT
Attorneys likely won’t have any trouble finding defendants to sue over the meltdown in the mortgage markets.
Suits have already been filed by investors in bankrupt mortgage companies and mortgage-backed…
Aug 22, 2007 12:40 PM CDT
Illinois is addressing rising foreclosure rates with a new law requiring some buyers to get counseling about predatory loan terms. But good intentions didn’t stop lawsuits challenging an earlier, pilot…
Aug 21, 2007 7:32 PM CDT
There is relief in sight for lawyers in Georgia and elsewhere who covered perhaps $20 million in bounced checks issued by a mortgage lender.
After hearing from Edwin R. Neel,…
Aug 21, 2007 6:46 PM CDT
A South Dakota bank has agreed to pay $4.5 million to settle a claim by the New York attorney general that it charged credit-challenged customers excessive fees.
The money will…
Aug 17, 2007 11:42 PM CDT
A mortgage company that went belly-up has left Atlanta-area lawyers digging into their own pockets to cover escrow losses.
HomeBanc Mortgage Corp. may have issued as much as $20 million…
Aug 16, 2007 12:31 PM CDT
It will cost at least $256 million to correct a massive data breach involving the theft of computerized information about 45 million credit and debit cards.
Reportedly the biggest such…
Aug 15, 2007 6:31 PM CDT
Lots of folks are complaining these days about the evils of subprime loans and their connection to the record wave of mortgage foreclosures sweeping the nation.
Now, with humongous jumps…
Aug 13, 2007 12:33 AM CDT
A federal appeals court has cleared up a dispute in New Jersey over how long homeowners have to cure a mortgage default.
The 3rd U.S. Circuit Court of Appeals
So-called dirty money is big business in Florida. And that means the state is a magnet for enforcement of federal laws banning banks from participating in money-laundering and similar schemes.
…Aug 8, 2007 5:08 PM CDT
The meltdown of the subprime mortgage market has enticed another law firm to create a practice group devoted to the resulting legal issues.
Patterson Belknap Webb & Tyler decided to…
Aug 8, 2007 12:03 PM CDT
A former Wall Street analyst who happened upon a strategy to make money from banks’ initial public offerings has been sentenced to two years in prison for using other people…
Aug 6, 2007 6:11 PM CDT
A federal judge has dismissed a lawsuit against a company created to electronically record every mortgage loan in the United States.
Judge Timothy Corrigan of Jacksonville, Fla., ruled that Mortgage…
Aug 1, 2007 10:57 AM CDT
Mortgage foreclosures nationwide were up by 58 percent during the first half of 2007, compared to the first half of 2006.
That translates to a total of 573,397 homes at…
Jul 31, 2007 3:30 PM CDT
The U.S. Justice Department is investigating whether several mortgage lenders charged minorities higher rates than whites.
Grace Chung Becker, a deputy assistant attorney general, told a House Financial Services subcommittee…
Jul 26, 2007 6:33 PM CDT
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