News & Analysis as of August 16, 2025

Trustees

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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 +

Just When You Thought You Knew Bankruptcy Rule 3002.1: 5 Critical Changes Are Coming

Bradley Arant Boult Cummings LLP on 8/5/2025

Are you and your institution ready for the Bankruptcy Rule 3002.1 amendments? Amendments to Bankruptcy Rule 3002.1 are scheduled to take effect on December 1, 2025. These amendments address notices relating to claims secured...more

Consumer Finance State Roundup - August 2024

Alston & Bird on 8/6/2024

The latest edition of the Consumer Finance State Roundup highlights three recently enacted measures of potential interest from California, Missouri, and North Carolina....more

FDIC Sues BNY Mellon For Alleged Failure As Trustee of RMBS

Orrick - Finance 20/20 on 8/24/2015

On August 19, 2015, the Federal Deposit Insurance Corp., acting as receiver for Guaranty Bank, filed suit against Bank of New York Mellon Corp. in New York federal court, alleging that BNY breached its duties as trustee of 12...more

U.S. Bank Sues Citigroup in Connection with $528 Million of RMBS

Orrick - Finance 20/20 on 1/13/2015

On December 22 and 23, U.S. Bank National Association, as trustee for three RMBS trusts, filed three separate summonses with notice in the Supreme Court of the State of New York. U.S. Bank alleges that Citigroup...more

Nevada Appeals Court To Consider ‘Foreclosure Sale’ Definition

Ballard Spahr LLP on 6/3/2013

Special servicers and lenders who have loans secured by real property in Nevada should be aware of a case that is on appeal in that state. Briefing is about to begin on what could be an important win, or loss, for the lending...more

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