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NY AG to sue Bank of America and Wells Fargo over National Mortgage Settlement

Kelley Drye & Warren LLP
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USA
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May 10 2013

Back in February of last year, we posted about the $25 billion settlement between the federal government, 49 states, and the nation's largest

Court okay’s FHFA $6.4 billion suit against UBS

Kelley Drye & Warren LLP
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USA
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April 23 2013

We previously reported on the lawsuit the Federal Housing Finance Agency ("FHFA") filed against the Swiss bank, UBS, for securities violations based

Recent decision highlights Virginia's "voluntary payment doctrine" as a trap for the unwary

Kelley Drye & Warren LLP
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USA
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March 22 2013

The following is a common business occurrence: Party A demands payment from Party B to perform work on a project in which the two are engaged. Party

Calculating lost profits, Maryland style

Kelley Drye & Warren LLP
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USA
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January 22 2013

In CR-RSC Tower I, LLC v. RSC Tower I, LLC the Maryland Court of Appeal held that evidence of post-breach market conditions is not admissible to

Good news for mortgagees foreclosing on property and persons buying foreclosed property

Kelley Drye & Warren LLP
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USA
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December 12 2012

Mortgagees who may find themselves with a need to foreclose on property secured by a mortgage, as well as potential purchasers of property at a foreclosure sale, should pay attention to the recent decision in King v. Virginia Housing Dev. Authority, No. CL-11-8895 (Norfolk (Va.) Cir. Ct., Sept. 6, 2012

FTC & CFPB announce partnership to warn and investigate mortgage advertisers

Kelley Drye & Warren LLP
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USA
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November 20 2012

On Monday, the Federal Trade Commission ("FTC") announced that it had, in partnership with the Consumer Financial Protection Bureau ("CFPB"), sent warning letters to 20 real estate agents, home builders, and lead generators, advising them to review their advertisements to ensure compliance with the Mortgage Acts and Practices-Advertising Rule, Regulation N ("MAP-AD Rule") and the FTC Act

Consumer Financial Protection Bureau proposes new mortgage rules

Kelley Drye & Warren LLP
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USA
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July 10 2012

Yesterday the Consumer Financial Protection Bureau announced proposed rules to simplify the process for residential mortgage applications

A recent federal ruling potentially provides telcos with additional leverage when seeking redress from persons who damage their facilities in Virginia ROWs

Kelley Drye & Warren LLP
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USA
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June 27 2012

The decision by the United States District Court for the Eastern District of Virginia in Level 3 Communications, LLC v. William T. Cantrell, Inc., No. 3:12-CV-081-HEH (May 4, 2012), affords leverage to telecommunications companies seeking to obtain relief from persons who damage or interfere with their facilities located in Virginia public rights of way (“ROW”

Wisconsin's "disorderly house" statute is not void for vagueness

Kelley Drye & Warren LLP
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USA
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June 18 2012

Nasty Habit is a popular bar in Eau Claire, Wisconsin

Condo associations and property management companies may be subject to the Maryland Consumer Protection Act even when they are not direct sellers

Kelley Drye & Warren LLP
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USA
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June 15 2012

Maryland condominium associations and the property management companies that service Maryland condos may be subject to liability under the Maryland Consumer Protection Act, even when they are not engaged in the sale of condo units, according to a recent decision by the Maryland Court of Appeals

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