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 as a result of sub-prime mortgage-related...
the past several years, Judge Sheryl Ramstad has decided no less than
seven cases in favor of government. Not only did those cases go against
the taxpayer - Judge Ramstad actually increased the assessment to values
higher than were estimated by assessors! Most
were decided on her own application...
By Dennis Scardilli,
Esq., MAI, SCGREA 1
On December 22, 2011, the federal Consumer Financial
Protection Bureau (the "Bureau" or "CFPB") issued a "Restatement of Federal
Consumer Financial Law Regulations" under the Truth in Lending Act (TILA). Rulemaking
BY: EDMUND D. HARLLEE On Wednesday, September 5, 2012, the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, National Credit Union Administration, Bureau of Consumer Financial Protection (the "Bureau") and Federal Housing Finance Agency (collectively...
By John C. Lynch, Jason E. Manning, and Elizabeth "Liz" S. Flowers .
On May 7, 2014, the United States District Court for the Southern District of West Virginia granted summary judgment in favor of a national bank on a consumer complaint that he was induced into an unconscionable loan...