Attorney J. Thomas Cardwell of Akerman Senterfitt has been appointed to serve on the Florida Supreme Court's task force on residential mortgage foreclosures. The task force recommends policies, procedures, strategies, and methods for easing the backlog of foreclosure cases while protecting the rights of parties involved in them. An interim report from the task force is due by May 8. The task force has 15 members, including state judges, consumer advocates, mediators and lenders. Mr. Cardwell is chair of Akerman Senterfitt's financial institutions practice, a former chairman of the firm and general counsel to the Florida Bankers Association.
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House Democrats on the Financial Services Committee said the more than 400-page Community Reinvestment Act proposal warrants more time for review, given its sweeping implications for community development and bank lending.
September 25 -
New enhancements in business purpose lending by lenders and vendors could help originators looking for new business as conforming rates keep rising.
September 25 -
Chase Home Lending announced a limited-time rate sale, while Citizens Bank and Bank of America are focused on building up affordability programs.
September 25 -
As tech firms increasingly rely on debt to build out their artificial intelligence buildouts, long-dated U.S. Treasuries are facing heightened competition.
September 25 -
A judge found United Wholesale Mortgage did not break the law in its handling of the retirement plan, which ex-workers say cost them a collective $1.8 million.
September 25 -
The compressed timeline could address a key challenge mortgage companies face when considering changing vendors.
September 24









