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Searching Content indexed under Corporate/Commercial Law by Joy Harmon Sperling ordered by Published Date Descending.
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Third Circuit Holds "Later-Served" Rule Applies To Removal In Multiple Defendant Cases
a recent decision, Delalla v. Hanover Ins., Nos. 10-3933 & 11-1532, 2011 U.S. App. LEXIS 20651 (3d Cir. Oct. 12, 2011), the 3d U.S. Circuit Court of Appeals determined that, under 28 U.S.C. § 1446(b), each defendant in a multiple defendant case has a 30-day period within which to remove to federal court a lawsuit filed in state court.
United States
27 Oct 2011
2
New Jersey Court Analyzes Counterclaim Waiver Provision in Commercial Loan Documents
In a recent decision, the New Jersey Superior Court, Appellate Division, analyzed the enforceability of a counterclaim waiver provision contained in commercial loan documents.
United States
1 Mar 2011
3
New Jersey Court Rules That Lost Note Does Not Preclude Foreclosure
In contrast to other recent well-publicized decisions, a New Jersey state court has held that, in order to seek foreclosure of a mortgage that has been securitized, a lender need not demonstrate actual physical possession of the note memorializing the underlying debt.
United States
24 Jan 2011
4
Federal Reserve Announces New Rule for Home Appraiser Independence
On October 18, 2010, the Federal Reserve Board of Governors (the "Board") announced a new rule setting standards for appraisals of residences offered as security for consumer credit transactions - 12 C.F.R. § 226.42 (the "Rule" or "Section 42").
United States
27 Oct 2010
5
Dodd-Frank Act Ushers in New Regulations for Mortgage Originators
The Dodd-Frank Wall Street Reform and Consumer Protection Act, which President Obama signed into law on July 21, 2010, will bring about many regulatory changes - some of which are set forth in the Act itself and others that are to be promulgated by federal regulators within the next 30 months.
United States
1 Sep 2010
6
Massachusetts Enacts New Law Governing Mortgage Foreclosures
On Saturday, August 7, 2010, Massachusetts Governor Deval Patrick signed into law a sweeping bill that affects the residential loan process from the origination of mortgage loans to the procedures to be used to foreclose on those mortgage loans.
United States
17 Aug 2010
7
Federal Government’s Foreclosure Alternatives Program Takes Effect On April 5, 2010
On February 18, 2009, the Obama administration announced the creation of the Making Home Affordable Program (MHAP), which is intended to help resurrect the housing market by assisting homeowners to stay in their homes and avoid foreclosure.
United States
5 Apr 2010
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