News, Events & Alerts

The only profits Fannie Mae and Freddie Mac generated since entering conservatorship in 2008 came from financing multifamily mortgages, according to the inspector general of the Federal Housing Finance Agency, in a recently...

A recent bankruptcy case should give pause to lenders who when making commercial loans prepare documents in-house using LaserPro or other automated loan documentation software. In “In Re Duckworth” (March 22,...

The Ninth Circuit recently weighed on irregularities in foreclosure sales hold that procedural irregularies void the sale as a matter of state law. In Kekauoha-Alisa v Ameriquest Mortgage (In re Kekauoha-Alisa) F.3d ___, 2012...

Guarantors’ liabiltiy for bad boy carve-outs in loan documents to be based upon the “intent” of the parties based upon a recent Calfiornia appellate case. Facts in short are as follows: Loan documents were prepared to...

As first appeared in the Fall 2011 issue of CMBA Legal News: Freddie Mac closed it fast – almost faster than a speeding bullet. What was it? A 3.97% multifamily loan. Though some doubted it could be done, on September...