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March 14, 2023 | Corporate Counsel

As SVB's Risks Skyrocketed, Bank Let Chief Risk Officer Post Sit Vacant for Months

"It's like having an airplane without a pilot or a ship without a captain. It will move, but to what direction?" said Charles Elson, a retired professor of corporate governance at the University of Delaware.
6 minute read
February 21, 2023 | Daily Business Review

Insolvent Insurer United Property & Casualty Headed to Receivership

United Property & Casualty has faced deep financial problems for months, including announcing in August that it would exit Florida's troubled homeowners' insurance market.
4 minute read
January 06, 2023 | New York Law Journal

Can the Foreclosure Abuse Prevention Act Survive a Constitutional Challenge?

The Act arguably violates both Substantive Due Process under the Fourteenth Amendment and the Contracts Clause. Perhaps Governor Hochul did not previously sign the Act into law, despite its passage in May 2022, because of these constitutional issues, as well as other issues that plague the legislation. Needless to say, this is not the end of the story, as the Act will be litigated.
10 minute read
November 09, 2022 | Texas Lawyer

Fannie Mae Sues Guarantors of $23 Million Texas Real Estate Loan

This lawsuit was surfaced on Law.com Radar. Read the complaint here.
1 minute read
November 03, 2022 | New Jersey Law Journal

Foreclosure Rights Under the Uniform Mortgage and New Updated Mortgage

The Single Family, Fannie Mae/Freddie Mac, Uniform Mortgage, Form 3031 1/01 (uniform mortgage), used for the vast majority of residential mortgages in New Jersey, will soon be replaced (after 20 years) with the new version.
10 minute read
Law Journal Press | Digital Book Florida Community Association Litigation: Homeowners’ Associations and Condominiums 2019 Authors: Ron M. Campbell View this Book

View more book results for the query "Fannie Mae"

October 31, 2022 | New York Law Journal

Preparing Condominium and Cooperative Boards for a Recession

Boards of condominiums and cooperatives owe fiduciary duties to their unit owners and shareholders. These fiduciary duties include not only the…
7 minute read
October 14, 2022 | Corporate Counsel

How GCs Can Lead While Careening Through Crises

"Unless you, as the leader, are comfortable saying, 'I tried this thing and it didn't work, but here's what I learned,' others aren't going to be comfortable either," said Dev Stahlkopf, chief legal officer of Cisco.
3 minute read
September 15, 2022 | The Recorder

loanDepot Hires Ex-Bank of America Lawyer as Legal Chief Amid Layoffs, Restructuring

Gregory Smallwood, a former associate GC at Bank of America, joins the mortgage lender as it restructures, cuts thousands of jobs and increases its focus on first-time and diverse homebuyers.
2 minute read
September 15, 2022 | Corporate Counsel

loanDepot Hires Former Bank of America Lawyer as Legal Chief Amid Layoffs, Restructuring

Gregory Smallwood, a former associate GC at Bank of America, joins the mortgage lender as it restructures, cuts thousands of jobs and increases its focus on first-time and diverse homebuyers.
2 minute read
September 12, 2022 | Daily Business Review

Florida Lawmakers Back Insurer Ratings Proposal

The president of ratings agency president of Demotech issued a statement that called the state move "an unnecessary response to a problem that does not exist."
4 minute read

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