REFinBlog

Editor: David Reiss
Brooklyn Law School

A Member of the Law Professor Blogs Network

August 25, 2015

Bank Settlements and the Arc of Justice

By David Reiss

Martin Luther King, Jr. said that the “arc of the moral universe is long, but it bends towards justice.” A recent report by SNL Financial (available here, but requires a lot of sign-up info) offers us a chance to evaluate … Continue reading

August 24, 2015

Monday’s Adjudication Roundup

By Shea Cunningham

Building investors sue Waterbridge Capital LLC for $10 million for allegedly selling units and pocketing profits, refusing to pay back its investors. Hurricane Sandy $25 million contract-insurance suit is dismissed against one of the defendants, Arch Insurance Group and its … Continue reading

August 14, 2015

Smoldering FIRREA

By David Reiss

American Banker quoted me in Banks Take Losses in MBS Case Appeals; Is Supreme Court Next? (behind a paywall) The story reads, in part, Banks that sold faulty mortgage-backed securities right before the crisis have suffered a string of legal defeats … Continue reading

August 7, 2015

What To Do With MERS?

By David Reiss

Bloomberg BNA quoted me in More Policy Queries As MERS Racks Up Court Wins (behind a paywall). The article further discusses the case I had blogged about earlier this week.  It reads, in part, Mortgage Electronic Registration Systems, Inc. (MERS), the keeper of … Continue reading

August 4, 2015

MERS Victorious

By David Reiss

The U.S. Court of Appeals for the Third Circuit ruled in favor of MERS in Montgomery County v. MERSCORP, (August 3, 2015, No. 15-1219) (Barry, J.). MERS, for the uninitiated, is a national electronic loan registry system that permits its members to freely … 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

June 15, 2015

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