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April 17, 2017

Florida's Fourth DCA Holds Borrower is Not Entitled to Attorney’s Fees for Dismissal Based on Lack of Standing to Foreclose

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By Laura Tanner http://www.jdsupra.com/legalnews/florida-s-fourth-dca-holds-borrower-is-84740/ Florida’s Fourth DCA issued an opinion on April 12, 2017 in Nationstar Mortgage LLC v. Glass, No. 4D15-4561, following suit with the Third and Fifth DCAs in denying a borrower’s motion for attorney’s fees based on a provision in the subject mortgage after the borrower successfully argued for the dismissal of …

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Federal Home Loan Bank of New York will pay $70 million to Lehman bankruptcy estate

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  The Federal Home Loan Bank of New York agreed to pay $70 million to the bankruptcy estate of Lehman Brothers to settle charges that the bank undervalued interest rate swaps it held with Lehman as the company collapsed in 2008. FHLBNY announced the settlement in a brief filing with the Securities and Exchange Commission. …

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Wells Fargo: Brand-Control gone wrong

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https://seekingalpha.com/article/4062540-wells-fargo-get-past-behind John M. Mason It is remarkable how well Wells Fargo is performing given all that management is facing these days resulting from the “scandal” in the retail banking division. New leadership has been put in place, but there is still little evidence that “control” has been reestablished and a new culture has been implemented. …

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