REFinBlog

Editor: David Reiss
Cornell Law School

August 20, 2013

Judge Rakoff Is All FIRREA-ed Up

By David Reiss

Law360 quoted me in a story, Rakoff Gives DOJ License To Be Bold In Bank Crackdown (behind a paywall), that reads in part, U.S. District Judge Jed S. Rakoff’s expansive Monday opinion backing the federal government’s $1 billion mortgage fraud … Continue reading

August 15, 2013

Laches Upends Priority of Mortgagee in Utah

By David Reiss

Professor Wilson Freyermuth posted this summary of the Utah Supreme Court’s opinion, Insight Assets, Inc. v. Farias, ___ P.3d ___, 2013 WL 3990783 (August 6, 2013), to the DIRT listserv: Synposis:   Although vendor purchase money mortgagee may generally have a … Continue reading

July 8, 2013

Pre-Closing Credit Checks

By Gloria Liu

Since 2010, Fannie Mae has required lenders to recheck a borrower’s credit right before closing the mortgage. It is advised that borrowers not do anything that might affect their financial status quo until the mortgage has been closed. For example, … Continue reading