In this month's article, we share some of our top "bites" for the prior month covered during the September 2023 webinar.
Sheppard Mullin Richter & Hampton
Many residential mortgage lenders currently have loan compensation plans that provide for a payment to loan originators of one commission amount for loans funded by the lender...
In the July edition of Licensing Link, we addressed licensing developments for novel earned wage access products designed to allow employees access to their earned but unpaid wages...
Transactions involving the purchase and sale of residential mortgage loans and mortgage servicing rights ("MSRs") frequently raise the question of whether they require submitting premerger...
On June 30, 2023, the Indiana Department of Financial Institutions published Advisory Letter 2023-01, addressing the permissibility of e-lien fees not payable to the Indiana Bureau of Motor Vehicles.
Seyfarth Shaw LLP
Amidst rising interest rates and lower asset values, many borrowers find themselves struggling to refinance existing commercial mortgage loans.
Welcome to Wiley's update on recent developments and what's next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC).
Katten Muchin Rosenman LLP
After seven years of extending the implementation date of the original rulemaking adopted in 2016 for Covered Agency Transactions, the SEC approved FINRA's amendments...
While residential mortgage lenders are facing tough headwinds driven by rising interest rates and low housing volume, the current market presents opportunities for savvy investors looking at mortgage servicing rights...
We are seeing continued consolidation in the residential mortgage market following recent interest rate increases and low housing volume across the United States. Investors in residential mortgage companies should be keenly focused on a few critical items when evaluating a target.
Cadwalader, Wickersham & Taft LLP
This chart outlines the circumstances under which modifications may be made to CMBS loans included in REMICs or grantor trusts without causing the related REMIC or grantor trust...
It has been more than five years since the Consumer Financial Protection Bureau ("CFPB") has issued a consent order based on alleged violations of Section 8 of the Real Estate Settlement Procedures Act
The Real Estate Settlement Procedures Act prohibits mortgage loan originators from offering incentives to other companies in exchange for referring homebuyers to them for mortgage loans.
Gallet Dreyer & Berkey
The New York City Council has adopted a new law that imposes penalties on landlords who knowingly lease premises to unlicensed cannabis or tobacco sellers.
The primary mortgage market recently has flattened, with rising interest rates and fewer homes on the market. However, these factors, coupled with home price appreciation...
Riker Danzig LLP
In a recent opinion issued by the United States District Court for the Western District of Washington ("the Court") in Storms v. Flagstar Bank, No. 2:22-cv-00650, LEXIS 93862...
On July 27, 2023, US federal banking regulators issued proposals to (i) significantly revise the risk-based regulatory capital requirements for certain midsize and larger US banking organizations...
Seyfarth Shaw LLP
Seyfarth's Arren Goldman and Joel Rubin co-authored an article, "Anatomy of a Commercial Mortgage Loan Workout," in the Summer 2023 edition of PREA Quarterly.
Seyfarth Shaw LLP
Montgomery and Anne Arundel Counties in Maryland are increasing their recordation and transfer taxes, while 2019 increases to recordation and transfer taxes in the District of Columbia are set to expire.
Each lender in a syndicated loan holds a separate component note from the borrower evidencing its interest in the whole loan.