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Results: 1-10 of 298

Federal bank regulators issue final statement on subprime mortgage lending

  • Reed Smith LLP
  • -
  • USA
  • -
  • July 12 2007

On June 29, 2007, the federal bank regulators issued their Final Guidance on Subprime Mortgage Lending (the “Final Guidance”

Court grants parent companies standing to sue lender as third-party beneficiaries of loan commitment agreements

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 15 2011

A real estate lender agreed to finance three existing projects by lending money to three separate Single-Asset Bankruptcy Remote Entities (SABREs), owned by certain real estate investments trusts, and to finance $160 million in future ventures of the trusts, with further SABREs to be created as each deal came to fruition

Jumping across the pond: syndicating European borrower debt in U.S. markets (part 2 of 3)

  • Reed Smith LLP
  • -
  • European Union, USA
  • -
  • September 23 2013

As our prior post noted, recent uncertainty in the European financial markets has led many European borrowers to look to the U.S. debt markets for

Risk losing your first priority lien if you provide superfluous information in the UCC financing statement

  • Reed Smith LLP
  • -
  • USA
  • -
  • September 13 2010

A first-in-time secured lender is moved to the end of the creditor line when a field in the financing statement filed by the lender contains too much information

New grant program included in HR 3221, the American Housing Rescue and Foreclosure Prevention Act of 2008

  • Reed Smith LLP
  • -
  • USA
  • -
  • July 31 2008

On July 30, 2008, President Bush signed the American Housing Rescue and Foreclosure Prevention Act of 2008, Pub. L. No. 110-289 (H.R. 3221) (“Housing Act”

CFPB takes enforcement action against mortgage insurers for alleged improper payments to mortgage lenders

  • Reed Smith LLP
  • -
  • USA
  • -
  • April 18 2013

On April 4, the Consumer Financial Protection Bureau ("CFPB") announced settlements with four mortgage insurers to end what it called "improper

Beware the credit overbid

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 12 2013

The Sixth Circuit Court of Appeals held that the secured lender’s credit bid, which equaled the total debt owed on two properties but exceeded the

Defrauded initial lien holder maintains priority over subsequent innocent lenders

  • Reed Smith LLP
  • -
  • USA
  • -
  • June 12 2013

The court granted summary judgment in favor of a defrauded lender in a lien priority dispute with subsequent third-party lenders. The court

U.S. Supreme Court strikes down key part of OCC 'visitorial powers' rule

  • Reed Smith LLP
  • -
  • USA
  • -
  • July 1 2009

The Supreme Court on Monday struck down an important part of a federal regulation barring state agencies and officials from bringing enforcement actions against federally chartered national banks

TOUSA overturned; district court rejects narrow definition of ‘equivalent value’; rejects finding of lenders’ bad faith

  • Reed Smith LLP
  • -
  • USA
  • -
  • March 22 2011

The recent decision of the United States District Court for the Southern District of Florida in the bankruptcy case involving TOUSA, Inc. (and several subsidiaries) has received a lot of attention, especially from financial institutions