Cordato Partners | Australia | 27 Mar 2022
It's called asset lending when a loan is made secured by real estate without regard to the borrower's ability to pay. The lender's recourse is to…
TLT LLP | United Kingdom | 25 Jan 2022
In this second article in our series on due diligence in relation to loan portfolio acquisitions, we look at the issues around fire safety, ground…
Mayer Brown | USA | 11 Nov 2021
Mortgage servicers should prepare for increased scrutiny of their default servicing activities. Earlier this week, the Consumer Financial Protection…
Chamberlains Law Firm | Australia | 2 Nov 2021
Contrary to popular belief, a “mortgage” is not a loan from a bank to buy a house. Although the term mortgage has become eponymous with these loans…
Buckley LLP | United Kingdom, USA | 7 Oct 2021
On October 5, HUD issued an advanced notice of proposed rulemaking (ANPRM) seeking comments regarding the transition from the London Interbank…
Macdonald Sager Manis LLP | Canada | 24 Sep 2021
We often see parties seeking to take out a second mortgage on real property, usually to access equity in the property and use the proceeds to further…
Dechert LLP | USA | 10 Aug 2021
There’s a lot of reasons to structure a large loan destined for securitization as a mortgage in part and a mezzanine loan in part. Sometimes it’s…
Morrison & Foerster LLP | USA | 1 Jul 2021
On June 30, 2021, President Biden signed a Congressional Review Act (CRA) resolution rescinding the OCC True Lender Rule, a bright-line rule issued…
Cullen and Dykman LLP | USA | 1 Jul 2021
The Consumer Financial Protection Bureau (“CFPB”) has amended its mortgage servicing rules to assist mortgage borrowers experiencing a…
Greenberg Traurig LLP | USA | 30 Jun 2021
On June 28, 2021, the Consumer Financial Protection Bureau (CFPB, or the Bureau) issued its Final Rule amending RESPA Regulation X to provide…