Tag Archives: Mortgage
Bank of America’s Inconsistent Positions re: Faulty Residential Mortgage-backed Securities
Bank of America recently moved to dismiss a lawsuit filed by Ambac Assurance Corp. in New York state court, alleging $600 million in damages for fraudulent inducement in connection with payments it made under policies insuring faulty residential mortgage-backed securities issued by Countrywide. In its complaint filed at the end of 2014, Ambac claims that it insured securities …
Recent Consumer Financial Protection Bureau (CFPB) Developments
Rules Creating Exemptions to the ATR Rule Finalized The Consumer Financial Protection Bureau (CFPB) recently finalized rules that modified and created specific exemptions to the CFPB’s Ability-to-Repay Rule. The rules have three main effects. They exempt certain community development lenders and nonprofits—specifically those that lend only to low- and moderate-income consumers, and make 200 or fewer such …
Google, Microsoft Assume Roles of Judge, Jury and Executioner on the Web
Published December 6, 2011 in The National Law Review an article by Nicole Kardell of Ifrah Law regarding Google, Yahoo! and Bing have suspended their accounts with hundreds of advertisers and agents associated with mortgage programs under federal investigation: Google, Yahoo! and Bing have suspended their accounts with hundreds of advertisers and agents associated with mortgage programs under …
National Law Forum LLC
The National Law Forum 