Category: Financial/Economic, Real Estate Trading Prudence for Profit TASA ID: 2763 I have been reading and listening to a great many commentaries about the state of the economy, the mortgage industry, the reasons for the problems and the wide range of suggested solutions. Read more
Category: Financial/Economic, Real Estate Foreclosure Litigation, Missing & Misplaced Mortgage File Documents, & "Robo-Signers" TASA ID: 322 In order to set up any mortgage loan file, a number of tasks must be completed, and a lengthy checklist of items and documents has to be produced, executed by the borrower or someone else, many of them sent out to the courthouse for recordation, some of them sent to the borrower, some sent to other places such as a property insurance or title insurance company, and most of them maintained in the mortgage loan file for the life of the loan. This creates plenty of opportunities for errors. Read more
Category: Financial/Economic, Real Estate Mortgage Loans - A Free Ticket to Litigation TASA ID: 2089 Litigation regarding mortgage loans (like all of Gaul) can be divided into three parts: 1) Origination, 2) Loan Servicing, and 3) Collection. Of course, none of these areas becomes the subject of dispute until the mortgage loan cannot be paid in regular order. Read more
Category: Financial/Economic, Real Estate The Dodd-Frank Wall Street Reform and Consumer Protection Act and Its Potential Impact on Commercial Mortgage Financing and Lenders TASA ID: 1813 On July 21, 2010, President Obama signed into law House of Representatives Bill #4173, commonly known as the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act"). Read more
Category: Financial/Economic, Real Estate The Commercial Mortgage-Backed Security Market Is Dead. Long Live The New Commercial Mortgage-Backed Security Market TASA ID: 1813 In the last quarter of 2010, we are beginning to see positive signs of the long awaited and much hoped for return of the CMBS market. At present, the recently enacted SAFE Mortgage and Dodd Frank Wall Street Financial Reform and Consumer Protection Acts appear to have done little to reign in the past practices of Wall Street firms and the conduits that originate and sell CMBS product. Read more
