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A pleasant surprise for loan companies --- mortgage loan officers found to be exempt from overtime
- Fox Rothschild LLP
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- USA
- -
- March 21 2011
On March 17, 2011, a Michigan jury returned a verdict in favor of loan company, Quicken Loans Inc. in a class action lawsuit alleging that Quicken had failed to pay them overtime under the Fair Labor Standards Act (“FLSA”
Too little, too late
- Fox Rothschild LLP
- -
- USA
- -
- September 19 2012
The New Jersey Appellate Division has disallowed a claim, raised by a foreclosure defendant for the first time on appeal, that the plaintiff lacked standing because it did not possess the note showing the repayment obligation when it filed its complaint
Foreclosure defense limits clarified
- Fox Rothschild LLP
- -
- USA
- -
- February 13 2013
Trial judges in New Jersey are doing a much better job of late reducing the foreclosure back log in part by aggressively disposing of baseless
Standing to commence foreclosure
- Fox Rothschild LLP
- -
- USA
- -
- February 6 2013
For mortgage loans that have been bundled into mortgaged backed securities and other collateralized debt obligations ("collectively, "CDO's"), the
New Jersey Courts continue to support unsuspecting mortgage lenders
- Fox Rothschild LLP
- -
- USA
- -
- January 24 2013
Mortgage priority lawsuits continue to attract the attention of the New Jersey courts. In that context, the theory of equitable subrogation continues
