News & Analysis as of August 17, 2025

Consumer Financial Products

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The term "mortgage" typically refers to a mortgage loan. A mortgage loan is a financing instrument where an individual or business borrows money to purchase property (usually real property) and... more +

New York Legislature Passes Bill Banning Rent Minimum Provisions in Real Estate Loan Documents

Jones Day on 7/18/2025

On June 13, both houses of New York's legislature passed a bill, S1163, that prohibits "rent minimums" in real estate secured loan documents....more

Crossing the “The”: The Importance of Careful Drafting for Recorded Mortgages

Nelson Mullins Riley & Scarborough LLP on 7/12/2022

In Enter. Bank v. The Ingros Fam. LLC, et al., 2022 WL 2283392 (Bankr. W.D. Pa. June 23, 2022), a lender faced a potentially costly decision when it mistakenly left the word “The” from a borrower’s name. In Ingros, First...more

HUD Extends Effective Date of New Requirements for Down Payment Assistance Provided by Government Entities

Ballard Spahr LLP on 4/26/2019

As previously reported, on April 18, 2019 the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2019-06 setting forth new documentation requirements for down payment assistance provided by...more

New HUD Requirements for Down Payment Assistance Provided by Government Entities

Ballard Spahr LLP on 4/22/2019

On April 18, 2019 the U.S. Department of Housing and Urban Development (HUD) issued Mortgagee Letter 2019-06 setting forth new documentation requirements for down payment assistance provided by government entities to be used...more

Florida Supreme Court Withdraws Prior Opinion Limiting "No Standing No Fees" Issue

Burr & Forman on 4/18/2019

On April 18, 2019, the Florida Supreme Court issued a surprise ruling withdrawing its January 4, 2019 opinion in Nationstar Mortgage LLC v. Glass. ...more

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