South Florida Law Blog

An edited version of this post originally appeared on Yahoo! Homes and is being republished on South Florida Law Blog with their permission. I am often asked how Wall Street has managed to be so reckless, with little to no regard for its customers and its investors, yet avoid any real consequence for its actions. The easy answer, if there […]

The Jamie Dimon Apology Tour is in full swing. Perhaps you caught the first stop on this weekend’s Meet the Press. The chairman of JP Morgan Chase is trying to play us for suckers, publicly apologizing for his bank’s $2 billion loss. He called it an “egregious mistake”. He claims he want to get rid of “Too Big To Fail”, […]

When President Obama stood before Congress and the American People three months ago and promised to hold those behind the housing crisis ‘accountable’, I was hopeful. In the days that followed, his new field general Eric Schneiderman was unveiled and almost immediately action was taken. When Schneiderman issued subpoenas, just days after the President appointed him to run his new […]

Man I just love it when the banks eat their own! It’s even better when they start using MY arguments to do it. The very same arguments I’ve used to defend my clients. The essential problem is this, securitized trusts, the ones your homes were bought and sold into, weren’t always mortgage-backed! I’ve long had questions about the validity of […]

Big Foreclosure Settlement Still Not Really, Truly, Finally Done And here we go again. Last month I wondered when we were going to see the documentation behind the ‘$25 billion’ mortgage settlement. Despite the massive action this settlement is now supposedly leading to, there didn’t seem to be a huge rush to get the deal finalized. The same day I […]

Yesterday’s robosigning settlement that all but one state ultimately signed off on, was far from perfect. Let’s make that perfectly clear. Depending on what you have read, you might be outraged, you might be relieved, you might be overjoyed. And the target of your wrath or sympathy might depend on your own personal perspective. But make no mistake about it, […]

Freddie Mac’s Regulator ‘Completely Puzzled’ by Allegations of Conflict If Edward DeMarco is puzzled by the outrage over the revelation that Freddie Mac was investing in securities that paid off if homeowners couldn’t refinance, then call us puzzled by his puzzlement. Either he’s a bold-faced liar or he is just plain dense. Does he really not get it? DeMarco, the […]

We here at the South Florida Law Blog decided to clock in a few hours this weekend, because if we didn’t we’d probably fall behind President Obama’s new man-in-the trenches Eric Schneiderman. The New York Attorney General, only days into his appointment as the head of the newly-formed Residential Mortgage-Backed Securities Working Group has already issued subpoenas to 11 financial […]