Fannie Mae has released Multifamily Mortgage Business Guide Update 14-02 announcing changes to the Multifamily Selling and Servicing Guide. The Guide changes affect primarily mortgage loans with either mezzanine financing or preferred equity, and properties...
By Members of the Consumer Financial Services Group
In a decision that possibly opens the door for renewed foreclosure delays, the U.S. Court of Appeals for the Fourth Circuit has held that a lawsuit seeking rescission is timely where the consumer...
Cases in Real Estate
is a weekly update on real estate law, with legal principles illustrated and
explained by lawsuits from around the country. The topics are wide-ranging for
appeal to a broad spectrum of readers including lawyers, homeowners...
On January 5, 2010, the U.S. Department of Housing and Urban Development (HUD) published in the Federal Register a notice announcing the availability on its Web site of the revised special information booklet required by the Real Estate Settlement Procedures...
By Karen C. Yotis, Esq.
Forced-placed insurance (FPI), which is sometimes referred to as 'lender-placed insurance,' is a specialty product that is intended to insure properties when standard property coverage is allowed to lapse. During the...