From the category archives:

Real Estate

TweetA federal judge in Georgia on Sept. 20 awarded summary judgment to Wells Fargo Bank N.A. and the Federal Home Loan Mortgage Corp. (Freddie Mac) after finding that the lender never promised a couple that it would suspend foreclosure proceedings while their loan modification application was being considered (Marla Gould Holcomb, et al. v. Wells […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. A man may pursue his California unfair competition law (UCL) claims against Chase Home Finance LLC for conduct associated with a loan it acquired after Washington Mutual Bank went into receivership, an appeals court held Feb. 11 (Scott Call Jolley v. Chase Home Finance LLC, et al., No. […]

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TweetA recent disciplinary proceeding initiated by the Grievance Committee for the Tenth Judicial District of New York offers a cautionary tale about attorneys who leave essential work to a non-attorney and fail to supervise the non-attorney’s work.  In a case entitled Matter of Thomas F. Cusack III, an attorney and counselor-at-law, D35005 (N.Y App. Div. 2nd […]

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TweetTwo oil and gas companies accused of illegally working together in auctions of four natural gas leases on federal land in Colorado have agreed to pay $275,000 each to settle the claim.  The case settled in mid-February is the first federal challenge to an anti-competitive bidding agreement for mineral rights, according to the U.S. Department […]

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TweetThe U.S. Justice Department and various state attorneys general have entered into a deal with five major banks, Bank of America, JPMorgan Chase, Wells Fargo, Citigroup, and Ally Financial, in which the banks have agreed to pay $26 billion to help current and former homeowners.  The deal is the result of a probe of the major mortgage lenders in which it […]

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TweetNew York Attorney General Eric T. Schneiderman recently filed a complaint against several major banks, including JPMorgan Chase, Wells Fargo and Bank of America, alleging that they used the Mortgage Electronic Registration System (“MERS”) to, among other things, harm the interests of homeowners and undermine the integrity of the judicial foreclosure process.  MERS is a digital mortgage tracking service […]

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Tweet Mortgage rates have fallen even further lately, and banks are implementing new incentive programs to entice home owners to refinance their mortgages. The average interest rate on a 30-year mortgage fell to 4.05% for the week ended December 23, 2011, and rates on “jumbo mortgages”, i.e. private loans usually larger than $417,000, are also at new […]

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