West Author Exposes “Stealth Retroactive Immunity” Provision Pending Loan Modification Legislation
Talcott J. Franklin, co-author of two noted legal treatises on securitization, has discovered a “stealth” provision in legislation passed by the House and being considered by the Senate that could allow mortgage servicers to avoid billions of dollars worth of liability for making misrepresentations concerning loans they sold to investors. View press release.
Franklin has prepared a detailed paper exploring the legislation, which West is making available to the public free of charge.
1.0 Credit available in California and Nevada!
There is a self-study test associated with this white paper that has been approved for 1.0 general credit in California and Nevada. West LegalEdcenter is an approved provider in California and Nevada. Credit will not be issued for any other MCLE jurisdiction. To apply for MCLE credit, read the white paper and circle the correct answers using the answer form provided. Instructions for submitting this self-study test are listed in the questionnaire.
Free Webcast - The Next Scandal in the Credit Crisis?
Join Talcott J. Franklin and a panel of experts as they further explore the issues surrounding this new legislation.
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Save 25% on Talcott J. Franklin's print titles
Through May 31 you can save 25% on Talcott J. Franklin's Mortgage and Asset Backed Securities Litigation Handbook and Emergency Economic Stabilization Act Handbook. Take advantage of this special offer by visiting west.thomson.com. The discounted price will be reflected in your shopping cart. If not, please enter offer code 601975C21104.
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Mortgage and Asset Backed Securities Litigation Handbook: a comprehensive reference when dealing with the unique and complicated issues surrounding a securitized asset or mortgage. Issues covered include an explanation of securitization and how it affects the claims by or against a client; collection and foreclosure; bankruptcy; lender liability; and certificate holder claims. It also discusses loan origination and servicing, trust representation, pre- and post-securitization claims, borrower litigation, and rating agency claims.
Emergency Economic Stabilization Act Handbook: a comprehensive reference on the Emergency Economic Stabilization Act of 2008 (EESA). It also includes analysis of the American Recovery and Reinvestment Act of 2009 (ARRA) as signed into law on February 17, 2009. The authors analyze both acts and the current regulatory and political environment. They explain the complicated financial instruments and structures that EESA seeks to regulate and remedy, the various policies related to and authorized by EESA, and the practical impact of the legislation in the marketplace.
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