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Suit filed against Robert, Kevin Morgan; what may happen next
A Florida-based mortgage lending firm has filed suit against Robert Morgan, his nephew Kevin Morgan and a limited liability company they created, alleging fraudulent filings with regard to a mortgage-backed apartment community in Watertown. The suit seeks $2.5 million in damages, claiming Morgan and his management company were “unjustly enriched” because of “malicious, intentional, fraudulen[...]
Credit unions ramping up mortgage lending
Credit unions are increasing their mortgage lending, boosted by growing awareness and demand, increased lending staff, new regulations regarding counseling and highly competitive rates. A report issued by TransUnion indicated credit unions provided 11 percent of U.S. mortgage originations for the first quarter of 2015, still a small portion, but a big jump from 7 […]
Title Track: Proposed regulations affect mortgage lending
Beginning in 2008, the housing market saw a spike in foreclosures and the failure of countless lending institutions. Low lending standards, a rise in subprime lending and subsequent mortgage delinquencies were cited as leading causes of the 2008 financial crisis and following recession. Borrowers, taking advantage of lower lending standards, withdrew equity from their homes […]
Bank of America, others say housing has ‘begun to turn’
NEW YORK — For banks, mortgage-making kept profits humming before the financial crisis, then blackened reputations and stamped out earnings when the crisis hit. Now, the business of mortgage lending is more of a mixed bag. Bank of America, the country’s second-biggest bank, reported Wednesday that mortgage originations jumped over a year ago — up […]
Feds propose new rules for mortgage lending
WASHINGTON — The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate accounting of their monthly mortgage payments. Congress mandated changes in the rules covering the mortgage servicing industry in the wake of the 2008 financial crisis. The Consumer Financial Protection Bureau’s proposed rules […]
Empire Justice: Lending cut in low-income areas
A report released Wednesday by the Empire Justice Center shows prime mortgage lending decreased between 2006 and 2008, and documents that low-income and minority neighborhoods were hardest hit by the slowdown.
Case Digests
- Fourth Department – Breach of contract: Hausrath Landscape Maintenance Inc. v. Caravan Facilities Management LLC
- Second Circuit – New York Child Victim’s Act: Kane v. Mount Pleasant CSD; Coe v. Eastport Union Free School
- NYS Advisory Committee on Judicial Ethics – Appointing law clerk: Opinion 22-149
- Fourth Department – Bill of particulars: Harris v. Rome Memorial Hospital, et al.
- NYS Advisory Committee on Judicial Ethics – Accusations against co-judge: Opinion 22-148
- Fourth Department – Medicaid: Washington Center for Rehabilitation and Nursing Home v. NYS Dept. of Health
- Fourth Department – Criminal possession of a firearm: People v. Wilson
- Fourth Department – Promoting prostitution: People v. Watts
- Second Circuit – Class certification: Arkansas Teachers Retirement System V. Goldman Sachs Group Inc.
- Fourth Department – Show-up identification: People v. Waggoner
- Fourth Department – Association: Victory Village Tenants Assoc. v. Evergreen Communities, et al.
- Second Circuit – In personam jurisdiction: Kaplan v. Bank Saderat PLC
Law News
- Greenlight Networks selects Buffalo-based attorney as general counsel
- Barclay Damon hires attorney Matt Smith
- Rochester man sues Geneseo police, alleging false arrest, assault
- The Daily Record’s Power List for Intellectual Property 2023
- NY ethics panel says judges can join NRA
- Harter Secrest & Emery LLP names partner-in-charge of Buffalo office
- Banned professor sues SUNY Fredonia leaders
- Hochul signs law requiring unemployment insurance information from employers
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