In a legal action that takes an aggressive and perhaps unprecedented approach to the nationwide mortgage foreclosure crisis, the Massachusetts attorney general is blaming a California-based subprime lender as a…
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…
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…
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…
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…
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…
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…
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…
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.
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…
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.…