The Federal Deposit Insurance Corporation (FDIC) clarified on March 2, 2016, its existing guidelines with respect to the decision by any
Since 2008, lenders in Illinois have faced heightened scrutiny and a sharp rise in lender liability claims. Nevertheless, Illinois appellate courts
In early June, the City of Chicago passed the "Keep Chicago Renting" ordinance (SO2012-5127), which requires that the owner of foreclosed properties
Mortgage lenders in Illinois are required to use the judicial process to obtain collateral and enter deficiency judgments against borrowers. In
In recent months, U.S. bankruptcy filings such as Omega Navigation (filed July 8 in Houston) and Marco Polo Seatrade (filed July 29 in New York) have caught the attention of the worldwide shipping community.
In General Conference of the Evangelical Methodist Church v. Evangelical Methodist Church of Dalton, Ga., Inc., Case No. 4:11-CV-0186-HLM, 2011 WL 3841015 (N.D. Ga. Aug. 22, 2011), the court required a church and the denomination with which it was associated to arbitrate their differences.
Does an agency's agreement with a developer establishing detailed terms for a proposed development require environmental review under the California Environmental Quality Act (CEQA)?
On May 9, 2011, the staff of the Division of Corporation Finance posted on its website that it will include in the letter that it sends to companies upon completion of the review of their Exchange Act filings, including Form 10-Ks, the following paragraph:"We have completed our review of your filings."
On December 20, 2010, the PCAOB issued Staff Audit Practice Alert No. 7, Auditor Considerations of Litigation and Other Contingencies Arising From Mortgage and Other Loan Activities, to advise auditors that the potential risks and costs associated with mortgage and foreclosure-related activities or exposures could have implications for audits of financial statements or of internal control over financial reporting.
Florida Supreme Court Chief Justice Charles Canady acted swiftly and decisively in declaring that special courts set up to deal with the foreclosure mess are open to the public.