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New California Court of Appeal decision reaffirms general rule that residential lenders owe no duty to borrowers, including in the loan modification context

USA - December 18 2013 In a recent decision,Lueras v. BAC Home Loans Servicing, LP, 2013 Cal. App. LEXIS 886, the California Court of Appeal returned to the general rule...

Sarina Saluja.

New California Court of Appeal decision may affect administration of foreclosure-avoidance actions

USA - April 16 2013 California's Legislature responded to the residential foreclosure crisis by, among other things, enacting new statutes aimed at clarifying the rights...

Tim C. Hsu.

Recent Ninth Circuit decision emphasizes importance of remaining vigilant and current in connection with consumer finance regulation compliance

USA - September 17 2012 In the wake of the mortgage crisis, loan servicers are receiving increasing numbers of borrower inquiries made pursuant to a variety of federal statutes, including the Truth in Lending Act ("TILA") and the Real Estate Settlement Procedures Act ("RESPA")....

Rachel M. Sanders.

Who is going to pay for this? California Court of Appeal highlights receiver compensation issues

USA - July 21 2012 Real property receivers are most commonly appointed at the request of secured creditors who are often charged with the expenses of the receivership....

Kim A. Bui.

Recent Seventh and Ninth Circuit cases affect federal equity receiverships

USA - February 1 2012 The Securities and Exchange Commission, Federal Trade Commission, and Commodities Futures Trading Commission often seek appointment of receivers in civil enforcement actions, including in actions alleging operation of Ponzi-like investment schemes....

Ted G. Fates.