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House passes major housing and GSE reform legislation

Alston & Bird LLP
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USA
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July 23 2008

Congress continued to make progress today on housing and on assistance to Fannie Mae and Freddie Mac when the House of Representatives passed the Housing and Economic Recovery Act of 2008 (H.R. 3221) by a substantial majority vote of 272 to 152

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

Reed Smith LLP
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USA
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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”

Analysis of and issues related to the Housing and Economic Recovery Act of 2008

Fried Frank Harris Shriver & Jacobson LLP
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USA
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July 30 2008

On July 30, 2008, President Bush signed the Housing and Economic Recovery Act of 2008 (“Act”) into law

Comptroller of the Currency raises concerns about commercial real estate

Katten Muchin Rosenman LLP
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USA
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February 1 2008

On January 31, Comptroller of the Currency John C. Dugan informed members attending a Florida banking conference that the Office of the Comptroller of the Currency (OCC) is paying increased attention to certain commercial real estate transactions

President Bush signs into law “Housing and Economy Recovery Act of 2008”

Katten Muchin Rosenman LLP
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USA
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August 1 2008

On July 30, President Bush signed into law H.R. 3221, the “Housing and Economic Recovery Act of 2008” (Housing Act

President signs housing bill; significant regulatory decisions must be made in coming months

Alston & Bird LLP
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USA
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July 30 2008

This morning, President Bush signed into law a broad housing bill, The Housing and Economic Recovery Act of 2008, Pub. L. No. 110-287,1 which provides an array of support for home borrowers, including a mortgage re-financing program under the Federal Housing Administration (FHA) and additional assistance to and regulation of the government-sponsored enterprises (GSEs) involved with housing

Proposed REMIC Regulations on modification of mortgage loans held by REMICS

Cadwalader Wickersham & Taft LLP
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USA
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November 12 2007

On November 9, 2007, the Internal Revenue Service (the “IRS”) issued proposed regulations (the “Proposed REMIC Regulations”) that would permit certain types of modifications to commercial real estate mortgage loans held by a real estate mortgage investment conduit (“REMIC”) without jeopardizing the qualification of the REMIC or causing a prohibited transaction with respect to the mortgage loan

Leasing for Lenders

Bricker & Eckler LLP
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USA
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May 13 2008

Whenever a Lender considers lending money to a real estate project that is or will be leased to one or more tenants, it is important for the Lender to review the project from the standpoint of a landlord

Proceed with caution: enforcing a defaulted loan within the framework of California’s one action rule

Seyfarth Shaw LLP
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USA
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May 22 2008

In enforcing its remedies against a defaulting borrower or any guarantors, a real property secured creditor, despite any language to the contrary in the loan documents, must be careful to ensure that its remedies are carried out in a way that does not violate California’s anti-deficiency laws

New California law requires additional steps for foreclosures

Sheppard Mullin Richter & Hampton LLP
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USA
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August 19 2008

Effective July 8, 2008, the State of California enacted new requirements for foreclosures on owner-occupied properties, as well as a new requirement for eviction of tenants by the purchaser at a foreclosure sale

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Search results

House passes major housing and GSE reform legislation

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

Analysis of and issues related to the Housing and Economic Recovery Act of 2008

Comptroller of the Currency raises concerns about commercial real estate

President Bush signs into law “Housing and Economy Recovery Act of 2008”

President signs housing bill; significant regulatory decisions must be made in coming months

Proposed REMIC Regulations on modification of mortgage loans held by REMICS

Leasing for Lenders

Proceed with caution: enforcing a defaulted loan within the framework of California’s one action rule

New California law requires additional steps for foreclosures

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