Philip M. Cedar has been named a partner in the financial services practice of the New York office of Kirkpatrick & Lockhart Preston Gates Ellis LLP. Mr. Cedar joins K&L Gates from Bear Stearns, where he was a senior managing director in the company's legal department and a group practice leader for the mortgage- and asset-backed securities division. Mr. Cedar has counseled a wide array of financial institutions and professionals on matters such as structuring and securities trading and financing, the law firm said.
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A new EquityProtect scorecard finds 16 states have no deed fraud laws, leaving homeowners vulnerable as real estate fraud losses topped $275 million in 2025, with seniors bearing the heaviest financial burden.
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Some litigants are "knuckleheads" but others are real threats, and well-pleaded cases can easily cost companies millions of dollars, TCPA attorney Eric Troutman said.
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About 43% of Americans upgraded their homes last year, and 33% plan to remodel in the next year, according to a recent survey from Redfin.
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Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
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CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
April 17 -
Surge, which claims to serve some of the nation's larger wholesale players, said the lender's behavior was reminiscent of its spat with Black Knight.
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