July 8, 2015
Wednesday’s Academic Roundup
Airbnb and the Housing Segment of the Modern ‘Sharing Economy’: Are Short-Term Rental Restrictions an Unconstitutional Taking?, Jamila Jefferson-Jones, Hastings Constitutional Law Quarterly, Vol. 42, 2015. The Use of Tenant Screening Reports and Tenant Blacklisting, Gerald Lebovits & Jen M. … Continue reading
July 8, 2015 in Downstream litigation | Permalink | No Comments
July 6, 2015
Possession of Note Confers Standing to Foreclose
Dale Whitman posted this discussion of Aurora Loan Services, LLC v. Taylor, 2015 WL 3616293 (N.Y. Ct. App., June 11, 2015) on the DIRT listserv: There is nothing even slightly surprising about this decision, except that it sweeps away a lot of confused and … Continue reading
July 6, 2015 in Downstream litigation | Permalink | No Comments
Monday’s Adjudication Roundup
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
July 6, 2015 in Downstream litigation | Permalink | No Comments
June 22, 2015
Monday’s Adjudication Roundup
Two Moody’s Investor Services Inc. entities remain the only defendants in appeal from Illinois Bank following the exit of McGraw-Hill Cos. Inc. and Standard and Poor’s in suit over residential mortgage-backed securities ratings. A Second Circuit judge did not revive … Continue reading
June 22, 2015 in Downstream litigation | Permalink | No Comments
June 15, 2015
Monday’s Adjudication Roundup
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
June 15, 2015 in Downstream litigation | Permalink | No Comments
June 8, 2015
Monday’s Adjudication Roundup
The United States Supreme Court held that Chapter 7 debtors cannot get rid of junior liens on underwater home loans under the bankruptcy code.
June 8, 2015 in Downstream litigation | Permalink | No Comments
June 3, 2015
Reiss on SCOTUS Junior Lien Decision
Bloomberg BNA quoted me in Nagging Economic and Credit Questions Dampen Bankruptcy Victory for Bankers (behind paywall). It reads, in part: The U.S. Supreme Court delivered an important bankruptcy ruling for bankers that doesn’t, however, do anything about still-struggling homeowners (Bank … Continue reading
June 3, 2015 in Downstream litigation | Permalink | No Comments
