REFinBlog

Editor: David Reiss
Brooklyn Law School

January 29, 2016

Outrage

By David Reiss

A federal judge has held that a mortgage servicer committed “the tort of outrage when it charged attorney’s fees and costs to plaintiff’s mortgage account and refused to explain the charges upon request.” (1) Lucero v. Cenlar FSB, No. C13-0602RSL … Continue reading

January 11, 2016

Monday’s Adjudication Roundup

By Shea Cunningham

New York state appeals court affirmed denying dismissal of claims against Morgan Stanley for fraud. Plaintiff bought $17 million in high-risk notes tied to residential mortgage-backed securities in a $500 million collateralized debt obligation that eventually were wiped out. Quicken … Continue reading

January 4, 2016

Monday’s Adjudication Roundup

By Shea Cunningham

The U.S. Department of Justice has filed suit against Trump Village Section IV in Brooklyn for allegedly violating the Fair Housing Act by not allowing emotional support dogs to live with their owners who suffered from disabilities. Ocwen Financial Corp. … Continue reading

December 28, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

HSBC settles class action by homeowners that claimed the bank received kickbacks for insurance policies on their properties. Goldman Sachs, Deutsche Bank and RBS have petitioned the US Supreme Court to consider repose statutes and statutes of limitations extenders that … Continue reading

December 21, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Class action suit filed against JPMorgan for alleged illegal demand of payment from junior mortgage holders who’s senior mortgages had been foreclosed. The class claims that JPMorgan’s demands violated several California laws. PHH Corp. urges the DC Circuit to vacate … Continue reading

December 14, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

EB-5 fraud case will get a jury trial contrary to the request from the SEC. The court rejected the SEC’s attempt to block it claiming it came too late. Wells Fargo settles with a group of homeowners for $25.7 million … Continue reading

December 2, 2015

Wednesday’s Academic Roundup

By Shea Cunningham

Inflation and Activity – Two Explorations and Their Monetary Policy Implications, Olivier J. Blanchard, Eugenio Cerutti & Lawrence H. Summers, HKS Working Paper No. 070. Real Estate Value Impacts from Fracking: Industry Response and Proper Analytical Techniques, Richard Roddewig & … Continue reading