Residential
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August 25, 2025
Trump Fires Fed's Lisa Cook Over Mortgage Fraud Allegation
President Donald Trump on Monday evening fired Federal Reserve Gov. Lisa Cook over his administration's allegation that she committed mortgage fraud, thrusting the White House into uncharted territory in its campaign to exert control over the central bank.
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August 25, 2025
Trustee For NJ House Flipper Cos. Seeks OK For Oct. Auction
The Chapter 11 trustee for companies tied to celebrity house flippers accused of a Ponzi-like scheme Monday asked a New Jersey bankruptcy judge to approve procedures for the sale of the companies' assets.
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August 25, 2025
Mich. Judge Backs 125% Recovery In Tax Foreclosure Deal
A Michigan federal judge has given the initial approval to a settlement between a proposed class of former property owners and two counties over allegations that the counties unlawfully kept surplus proceeds from the sales of their tax-foreclosed properties, a deal similar to one the same judge OK'd last week.
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August 25, 2025
Jury Awards Ex-Housing Worker $2.3M In Hostile Workplace Suit
A federal jury on Monday awarded a former homeownership coordinator at the public housing authority in Charlotte, North Carolina, more than $2 million in damages in her suit claiming she was subject to a hostile work environment after she reported concerns that the agency was discriminating against elderly and disabled veterans and other housing applicants.
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August 25, 2025
Vornado To Buy NYC Office Tower, Scraps Residential Plan
Vornado Realty Trust will pay $218 million to acquire and redevelop a 36-story office condominium into a new office property, canceling the seller's previous plan to convert the property into a residential building, the real estate investment trust announced Monday.
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August 25, 2025
NJ Court Upholds Most Claims In Judicial Privacy Suits
Lawsuits filed by a data privacy group representing judges, prosecutors and law enforcement officials may continue against companies and groups that published their home addresses and unlisted phone numbers after a New Jersey federal judge on Monday denied the defendants' motions to dismiss.
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August 25, 2025
Construction Supplies Co. Hires Ex-Fannie Mae Atty As GC
White Cap has hired a former Fannie Mae deputy general counsel as its new general counsel in its Atlanta headquarters, the construction supplies and safety products company announced Monday.
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August 25, 2025
Texas Bill Would OK Low-Population Voter-Approval Tax Rates
The Texas voter-approval property tax rate, the maximum rate a local government can adopt without voter approval, would be reduced for smaller taxing authorities under a bill passed in the state Senate and a House committee.
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August 22, 2025
Housing Supervisor Rebuts Ex-Employee's Retaliation Claim
A former supervisor at the public housing authority in Charlotte, North Carolina, facing accusations of retaliation and creating a hostile work environment told jurors Friday that she never singled out a coordinator for punishment or had any inkling of discrimination within the organization that would rise to the level of violating federal housing laws.
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August 22, 2025
$16M Loan Docs Looked Legit To Pullman & Comley, Letter Says
Pullman & Comely LLC said in a 2022 letter to New York-based lender Titan Capital ID LLC that it had no knowledge of any inaccuracies or issues in a $16 million loan to the development arm of a Connecticut municipal housing authority, according to exhibits recently filed in a suit over the allegedly botched transaction.
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August 22, 2025
Hometap Can't Escape Mass. AG's Consumer Protection Suit
A Massachusetts judge has rejected arguments from financial startup Hometap that existing consumer protection and debt collection laws do not apply to its "novel" home equity product, denying the company's motion to dismiss a suit brought by the state's attorney general.
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August 22, 2025
Michigan Judge Gives Initial OK To Tax Foreclosure Deal
A Michigan federal judge has granted preliminary approval to a settlement that would allow former property owners to receive the surplus profits they allege county treasurers made selling their tax-delinquent properties.
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August 21, 2025
Appeals Court Says Dallas Must Release Discrimination Records
A Texas appeals court ruled Thursday that the city of Dallas has to turn over records on a federal housing discrimination investigation to The Dallas Morning News, saying the information was not exempt from public disclosure.
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August 21, 2025
Property Owners Say SF Vacancy Tax Violates Rights
A San Francisco levy on vacant residential units is not a tax, but a penalty, and violates property owners' constitutional rights to keep their private property from being taken for public use without just compensation, the owners told a California appellate court.
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August 21, 2025
Q&A: Lawmaker Takes Aim At High Property Insurance Costs
Finding ways to make property insurance more affordable in New York is the intended outcome of a New York State Senate investigation into a crisis that's threatening to price people out of their communities, said the chair of the senate's insurance committee.
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August 21, 2025
AmeriFirst's Global Creditor Settlement Approved In Ch. 11
Bankrupt mortgage lending company AmeriFirst Financial Inc. received court approval on Thursday in Delaware for a global settlement with creditors that resolves two years of legal disputes among the parties and opens a path for a Chapter 11 plan to be proposed by the debtor.
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August 21, 2025
NJ Court Halts Tower Linked To Menendez Co-Conspirator
A New Jersey state court judge ordered a developer to halt construction on a mixed-use project formerly headed by a businessman convicted alongside former U.S. Sen. Robert Menendez, finding the buildings' height is "clearly exceeding" plans approved in 2018.
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August 21, 2025
NYC Real Estate Week In Review
HSF Kramer and Walsh & Gilad are among the law firms that picked up work on the largest New York City real estate deals that hit public records last week, with a nine-figure Manhattan trade topping the list.
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August 21, 2025
2 Firms Work On $810M NYC Luxury Rentals Purchase
Two Fried Frank Harris Shriver & Jacobson LLP partners and a Gibson Dunn & Crutcher LLP partner guided the $810 million purchase and financing of a luxury rental building in Manhattan.
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August 21, 2025
Texas Resolution Seeks Vote On Broader Property Tax Limit
Texas would ask voters to decide if the state should amend its constitution to apply an existing limit on the appraised value of residence homesteads to other types of property under legislation filed in the state House of Representatives.
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August 21, 2025
5 Firms Guide Canadian Resi REIT's $354M Sale
Dream Residential REIT announced Aug. 21 that the Canadian company's board has reviewed and signed off on its $354 million, all-cash sale to Morgan Properties, a deal shaped by five different firms.
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August 20, 2025
401(k) Order Lifts Real Estate Spirits
After years of distress, first driven by remote working, then by soaring interest rates and rising costs, excitement has now taken hold in the real estate sector as the Trump administration spurs 401(k) plans to include more private assets.
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August 20, 2025
Mortgage Firm Settles Harassment, Retaliation Lawsuit
CrossCountry Mortgage LLC and a branch manager have reached a settlement with a former employee in a sexual harassment and retaliation suit, the parties recently announced.
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August 20, 2025
La. Biz Groups Oppose Changes To Assessment Appeal Rules
Revisions that the Louisiana Assessors' Association has proposed to regulations that govern appeals and assessments could hamper businesses' ability to present information that establishes fair market value of their properties, industry representatives said Wednesday.
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August 20, 2025
What To Watch In Florida Real Estate In 2025's Second Half
Florida real estate is less impervious to challenges confronting the industry and broader economy than in recent years, but local attorneys and real estate professionals say they expect the market will continue to attract people, business and investment in the second half of 2025 and beyond.
Expert Analysis
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How Southern Calif. Fires Can Affect National, Local Pricing
The fire-related California state of emergency declared last month in Los Angeles and Ventura counties triggered laws around price-gouging and pricing restrictions that affect not just individuals and businesses in the state, but also nationwide, meaning sellers should be mindful of how price changes are discussed and rolled out, say attorneys at Proskauer.
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CFPB Small Biz Study Brings Fair Lending Considerations
The Consumer Financial Protection Bureau's recent report highlighting potential racial discrimination in small business lending may not result in more aggressive enforcement under the Trump administration — but lenders can expect state regulators, private plaintiffs and advocacy groups to step up their own efforts, say attorneys at Husch Blackwell.
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Expect To Feel Aftershocks Of Chopra's CFPB Shake-Up
Publications released by Consumer Financial Protection Bureau personnel in the last days of the Biden administration outline former Director Rohit Chopra's long-term vision for aggressive state-level enforcement of federal consumer financial laws, opening the doors for states to launch investigations and pursue actions, say attorneys at Hudson Cook.
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Corp. Transparency Act's Future Under Treasury's Bessent
The Corporate Transparency Act’s ultimate fate faced uncertain terms at the end of 2024, but new U.S. Department of the Treasury Secretary Scott Bessent's statements and actions so far demonstrate that he does not intend to ignore the law, though he may attempt to make modifications, say attorneys at Taylor English.
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Nippon Order Tests Gov't Control Over Foreign Investments
The U.S. government is primarily interested in restraining foreign transactions involving countries of concern, but former President Joe Biden’s January order blocking the merger of Nippon Steel and U.S. Steel shows that all foreign direct investments are under the federal government’s microscope, say attorneys at Blank Rome.
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A Look At A Possible Corporate Transparency Act Exemption
Attorneys at Kirkland offer a deep dive into the application of the Corporate Transparency Act's reporting requirements specifically to U.S.-domiciled co-issuers in typical collateralized loan obligation transactions, and consider whether such issuers may be able to assert an exemption from the CTA's reporting requirements.
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Emphasize Social Spaces During RE Project Public Review
As Boston continues to work through revisions to its public review process for real estate projects, developers attempting to balance impact mitigation and community improvements may benefit from emphasizing the ways in which development plans can facilitate open social exchange, says David Linhart at Goulston & Storrs.
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Complying With Calif. Price-Gouging Law After LA Fires
The recent tragic Los Angeles fires have brought attention to the state's sometimes controversial price-gouging protections, and every California business should keep the law's requirements in mind, despite the debate over whether these statutes help consumers, say attorneys at Cooley.
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What Contractors Can Do To Address Material Cost Increases
In light of the Trump administration's plans to increase tariffs on Mexico, Canada and China, construction industry players should proactively employ legal strategies to mitigate the impacts that price increases and uncertainty may have on projects, says Brenda Radmacher at Seyfarth Shaw.
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Reg Waiver Eases Calif. Rebuilding, But Proceed With Care
California Gov. Gavin Newsom's executive order suspending some environmental review and permitting requirements for the reconstruction of homes and businesses damaged by recent wildfires may streamline rebuilding efforts, but will require careful navigation of the evolving regulatory landscape, says Gregory Berlin at Alston & Bird.
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A View Of The Shifting Insurance Regulatory Landscape
Attorneys at Eversheds Sutherland explore how the Federal Insurance Office's climate report, the new presidential administration and the California wildfires might affect the insurance regulatory landscape.
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The Tides Are Changing For Fair Access Banking Laws
The landscape of fair access banking laws, which seek to prevent banks from denying services based on individuals' ideological beliefs, has shifted in the last few years, but a new presidential administration provides renewed momentum for advancing such legislation against the backdrop of state efforts, say attorneys at Latham.
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How Congress Can Stem Consumer Finance Law Uncertainty
In the face of rising uncertainty about consumer finance laws that are based largely on fluctuating administrative rules, Congress should cement certain existing laws into statute and clarify federal agencies' delegations of authority, say attorneys at Bradley Arant.