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Results: 1-10 of 1,089

HUD delays effective date of builder incentive ban

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • January 8 2009

Since 1992, HUD has allowed all companies - including homebuilders, real estate brokers and mortgage lenders - to offer incentives to consumers as an inducement to the consumers to use the company's affiliated settlement service provider as long as the settlement service provider's service is separately offered and as long as the incentive is genuine, meaning it is not offset by higher prices elsewhere in the transaction

House Financial Services Committee votes to suspend use of new GFE and HUD-1

  • Sheppard Mullin Richter & Hampton LLP
  • -
  • USA
  • -
  • April 30 2009

The House Financial Services Committee yesterday voted to amend the Mortgage Reform and Anti-Predatory Lending Act (the "Act") to require HUD to suspend the implementation of its new Good Faith Estimate and HUD-1 Settlement Statement, and instead to work with the Federal Reserve Board to publish a proposed joint rule with comparable Real Estate Settlement Procedures Act ("RESPA") and Truth in Lending Act ("TILA") disclosures within six months of enactment of the Act, and a final joint rule with comparable RESPATILA disclosures within one year of its enactment

No adjournment of possession proceedings

  • Wragge & Co LLP
  • -
  • United Kingdom
  • -
  • January 21 2009

If there is no reasonable prospect of a mortgage debt being discharged within a reasonable time, the court can refuse to adjourn possession proceedings

Updated overview of the Homeowner Affordability and Stability Plan, including the foreclosure alternatives and home price decline protection incentives

  • Dentons
  • -
  • USA
  • -
  • May 19 2009

We are writing to update our previous alert summarizing President Obama's Homeowner Affordability and Stability Plan (the "Plan") which was first announced on February 18, 2009

Lender claims they're back!

  • Mills & Reeve LLP
  • -
  • United Kingdom
  • -
  • April 17 2008

If you are concerned about anticipated and actual claims for damages against professionals arising from property transactions, you are not alone

FSA takes action in relation to residential sale and rent back schemes

  • Morton Fraser
  • -
  • United Kingdom
  • -
  • September 30 2009

New rules have been introduced to protect individuals who sign up to sale and rent back schemes in relation to their homes

Additional risks landlords should consider when taking letters of credit from commercial lease tenants

  • Pillsbury Winthrop Shaw Pittman LLP
  • -
  • USA
  • -
  • May 25 2009

In the last decade, commercial landlords have favored obtaining from tenants standby letters of credit over security deposits because standby letters of credit provided added security in the event of a tenant’s bankruptcy

Congressional Oversight Panel holds field hearing on corporate and commercial real estate lending

  • Alston & Bird LLP
  • -
  • USA
  • -
  • May 31 2009

The Congressional Oversight Panel held a field hearing in New York City last week to discuss the effectiveness of the government’s efforts to unfreeze the credit markets with particular focus on credit markets for corporate and commercial real estate lending

Helping Families Save Their Homes Act of 2009

  • Dentons
  • -
  • USA
  • -
  • May 29 2009

This memorandum summarizes the Senate Bill 896 entitled the "Helping Families Save Their Homes Act of 2009" (the "Act") which passed the United States Senate on May 6, 2009, and the United States House of Representatives on May 19, 2009

The Helping Families Save their Homes Act of 2009 significantly changes the TARP, PPIP and TALF programs and FDIC insurance

  • Jones Day
  • -
  • USA
  • -
  • May 31 2009

On May 19, the U.S. Congress overwhelmingly approved the Helping Families Save their Homes Act of 2009 (the "Act"), which amends the Hope for Homeowners Program and contains various provisions related to home loan foreclosures and modifications