Real Estate Law

Recent Posts

Schwab announces $200 million settlement of securities class action suit
Posted on 20 Apr 2010 by Timothy Raub

SAN FRANCISCO - (Mealey's) The Charles Schwab Corp. has agreed to a $200 million settlement of a securities class action lawsuit brought against it and certain of its executive officers and directors by investors alleging that the defendants misrepresented... Read More

Subprime Lending or Options Backdating, Which Will Receive a Legislative Haymaker?
Posted on 19 Mar 2008 by John Rak

Recently, the financial industry and the country itself has faced two sweeping market-related “scandals” or “crises” (for lack of a better term): the issues in the mortgage industry with subprime lending, and the executive stock... Read More

James M. Wilson Jr. Discusses the Recent Disclosures By Fannie Mae and Freddie Mac of Losses Attributable to Sub-Prime Mortgages, and Allegations of Collusion to Inflate Appraisals
Posted on 6 Feb 2008 by James M. Wilson, Jr.

It now appears that the Federal National Mortgage Association ("Fannie Mae") and the Federal Home Loan Mortgage Corporation ("Freddie Mac") are subject to the same kind of bruising losses afflicting other large financial institutions... Read More

Thoughts on Subprime Crisis from Professor Singer as he begins Wolf Family Lecture, to be published in Powell on Real Property®
Posted on 6 Apr 2011 by LexisNexis Real Estate Law Community Staff

Readers of Powell on Real Property® are familiar with the Wolf Family Lecture on the American Law of Real Property , now in its 4 th year. Endowed by a gift from Powell General Editor Michael Allan Wolf and his wife, Betty, this inspiring lecture... Read More

Goldman Sachs to Pay $550m to Settle Charges It Misled Subprime Investors
Posted on 16 Jul 2010 by Dylan McGuire

NEW YORK - (Mealey's) Goldman, Sachs & Co. has agreed to pay $550 million in penalties and to change its business practices to settle allegations brought by the U.S. Securities and Exchange Commission that it misled investors in a subprime... Read More

Rapp & Matasar on Potential Rating Agency Liability & subprime backed-securities
Posted on 12 Oct 2008 by Robert N. Rapp and Scott C. Matasar

Rating agencies assigned credit ratings to subprime Residential Mortgage-Backed Securities (RMBS) and Collateralized Debt Obligations (CDOs). In making investment decisions, many investors relied on these credit ratings. However, the accuracy and integrity... Read More

Lapine on City of Cleveland v. Ameriquest Mortgage Securities, Inc.
Posted on 15 Jun 2009 by Kenneth M. Lapine

In City of Cleveland v. Ameriquest Mortg. Sec., Inc. , 2009 U.S. Dist. LEXIS 41303 (N.D. Ohio May 15, 2009) , the City of Cleveland filed an action against over 20 major investment banks, accusing the banks of creating a public nuisance by reason of their... Read More