Ballard Spahr Andrews & Ingersoll LLP, a Philadelphia-based law firm, has announced the formation of a multidisciplinary Subprime Lending Team. The group will provide legal support to clients regarding the litigation, government action, and business problems sparked by the subprime mortgage crisis, the law firm said. "As the subprime crisis grows, it's clear that the effects will be felt across several disciplines and throughout the country," said Henry E. Hockeimer Jr., a partner in Ballard's litigation department and a member of the subprime team. "The specific legal disciplines affected happen to be areas of real strength for Ballard: consumer finance, real estate, securities, commercial litigation, and white collar are all areas where the firm has great depth and experience." The law firm can be found online at http://www.ballardspahr.com.
-
A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
July 11 -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
July 11 -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11