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September 18, 2019 | Insurance Coverage Law Center

Court Dismisses Insureds' Claim That Bank Converted Insurance Proceeds

An Alabama court has dismissed a claim that a bank converted an insurance proceeds check, finding that the bank could negotiate the check itself, without the insureds' consent.
3 minute read
September 16, 2019 | Daily Business Review

FHFA Revises Fannie, Freddie Multifamily Loan Caps to Stress Affordable Housing

Freddie Mac and Fannie Mae are capped at lending $100 billion each to multifamily construction through the fourth quarter of 2020.
2 minute read
September 12, 2019 | Connecticut Law Tribune

Connecticut Movers: News From Hartford and New Haven

Robinson & Cole business transactions partner Norman H. Roos has been elected president of the American College of Mortgage Attorneys.
3 minute read
August 16, 2019 | Corporate Counsel

General Counsel of The Software Alliance Named CEO of Another Trade Association

Jodie Kelley will leave her role as general counsel at BSA | The Software Alliance to become CEO of the association Sept. 3.
3 minute read
August 01, 2019 | New York Law Journal

NY State Officials Describe 'Squalid' Conditions in Suit Against Lease-to-Own Company

“The black mold problem is out of control at this home and may fail HUD requirements and o[u]r standards,” one inspector wrote.
4 minute read
July 17, 2019 | Daily Report Online

Nelson Mullins Swipes Real Estate Partner from Morris Manning—and Other 'On the Move' News

With the addition of Vanessa Morris, Nelson Mullins has 152 lawyers in Atlanta, the Southeastern firm's largest office by attorney head count.
3 minute read
July 17, 2019 | Insurance Coverage Law Center

Fannie Mae Closes Two Front-End Credit Insurance Risk Transfer Transactions on 30-Year Single-Family Loans

Fannie Mae has secured commitments for two new front-end credit insurance risk transfer transactions.
2 minute read
July 02, 2019 | Daily Business Review

The Keys to Financing: Helping Your Client Obtain a Mortgage for a Florida Condo

Condo financing presents unique challenges. The lender not only has to approve the borrower's creditworthiness, but also must approve the condominium itself.
5 minute read
May 07, 2019 | New York Law Journal

Realty Law Digest

Scott E. Mollen, a partner at Herrick, Feinstein, discusses “Bank of New York Mellon v. Dieudonne,” a case of first impression where the court held that de-acceleration of debt maturity is not a condition precedent to the acceleration of the mortgage, and “14th St. Owner LLC v. Westside Donut 6th Ave. Ventures LLC,” where the court held that a defendant that vacates the premises unilaterally and without consent continues to owe rent.
14 minute read
May 02, 2019 | New York Law Journal

Right to Accelerate vs. a Convertible Note: Avoiding NY-UCC §1-309 Changes Accrual of Statute of Limitation

This article argues that because the acceleration provision of the Fannie Mae Form mortgage note does not conform with NY-UCC §1-309 (formerly NY-UCC §1-208), said mortgage note is not a time instrument pursuant to subsection (c) of NY-UCC §3-109(1) but rather a hybrid instrument: a time instrument that can be converted into a demand instrument.
11 minute read

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