Real Estate & Property Law

2.5% of Home Mortgages in Forecslosure; More than 6% delinquent
Check out this post from Credit Slips discussing a survey done by the Mortgage Bankers Association showing that 2.47% of home mortgages are in bankruptcy and 6.35% are delinquent.

Loan Modifications and PSA contract limits
One of the obstacles to preventing foreclosures through loan modifications has been the restrictions in securitization contracts. The pooling and servicing agreements ("PSAs") that create securitization trusts usually limit the servicer's authority to rewrite mortgage terms on behalf of the...

Wachovia taken over by Citigroup; the fear of the times
On September 26, CNN Money had a post on Wachovia, of which two points fascinated IPBiz:#1. Regardless, Wachovia looks to be in substantially better shape than Washington Mutual before WaMu failed...

What's Happening at Wachovia
WSJ- Marketwatch - Wachovia Faces Money-Laundering Probe: Report Washington Post (Reuters) - Wachovia Part of Probe into Latin Drug Money: Report NYTimes - AP - Wachovia Pays $144 Million to Settle Marketing Claims (esp)

Blackwell: An ACORN Falls from the Tree
The idea that a single dime of taxpayer money would ever go to ACORN is an outrage.

Employee Raiding and Trade Secrets Suit - PNC Sues Wachovia
According to the Pittsburgh Tribune-Review, PNC has sued Wachovia and is seeking a temporary restraining order to prevent the theft of its trade secrets, including valuable employee and customer relationships, confidential information and goodwill...

Truth In Lending Act
Consumer Loans and Consumer Credit Protection Act

Reverse Mortgages
Consumer facts

The Paulson Toxic Mortgage Debt Security Act: The Biggest Government Bailout of All Time
Legislative Proprosal for Treasury Authority to Purchase Mortgage-related Assets

Work Visas
Types of work permits

Temporary Work Visas
Differences Between H-1B, J-1, E-1, E-2, L-1, and R-1 Work Visas

The Mortgage Forgiveness Debt Relief Act
Phantom Income Relief on Debt Cancellation

Loan Backers
Mortgage Lenders Network pays $855,000 bankruptcy settlement for unfunded mortgages.

Wachovia Corporation WB Securities Fraud
Wachovia Corporation WB

Arkansas Nucor Plant Guilty of a Racially Hostile Work Environment
Nucor Guilty Of Racially Hostile Work Environment Must Pay $1.2 Million Settlement

Recall of TYLENOL 8 Hour Caplets 50 Count Sold in The United States and Puerto Rico
TYLENOL 8 Hour Caplets 50 Count One Lot Recalled in US and Puerto Rico

Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages
Wells Fargo Settles New Jersey State Investigation into Pick-a-Payment Mortgages

UAB Health System and Franklin Collection Service
allegedly violated the RICO Act in collection practices on delinquent patient accounts.