REFinBlog

Editor: David Reiss
Brooklyn Law School

A Member of the Law Professor Blogs Network

July 17, 2015

Bank Break-ins

By David Reiss

Chris Odinet has posted Banks, Break-Ins, and Bad Actors in Mortgage Foreclosure to SSRN. The abstract reads, During the housing crisis banks were confronted with a previously unknown number mortgage foreclosures, and even as the height of the crisis has passed … Continue reading

July 13, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

The New York Court of Appeals overturned a lower court’s dismissal of suit against New York City, the New York Mets’ ownership group and The Related Cos., which had plans to build the Mets’ stadium on public parkland. The Court … Continue reading

July 6, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Quicken Loans Inc. argues that its suit against the federal government is valid because it is more than just a fraud case. It claims that it is about broader issues with government housing programs. A class action suit against JPMorgan … Continue reading

June 29, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Massachusetts’s federal court found that a unit of Deutsche Bank AG failed to vet some residential mortgage-backed securities, which mislead Massachusetts Mutual Life Insurance Co. US Bank filed an amended complaint claiming that Citigroup Global Markets Realty Corp. and CitiMortgage … Continue reading

June 25, 2015

SCOTUS Upholds Disparate Impact

By David Reiss

The United States Supreme Court held today that disparate-impact claims are cognizable under the Fair Housing Act in Texas Department of Housing and Community Affairs et al. v. The Inclusive Communities Project Inc., (No 13-1371). The conventional wisdom had been that the … Continue reading

June 15, 2015

AIG’s “Victory” and the GSE Litigation

By David Reiss

Court of Federal Claims Judge Wheeler issued an Opinion and Order in Starr International Company, Inc. v. United States, No. 11-779C (June 15, 2015), the case that Hank Greenberg brought against the government over the terms of the bailout of … Continue reading

Monday’s Adjudication Roundup

By Shea Cunningham

The CFPB increased PHH Corp.’s penalty to $109 million from $6.4 million on appeal, while upholding an administrative judge’s ruling that the firm was involved in a mortgage insurance kickback scheme. A class of PHH borrowers have been granted cert … Continue reading