Category: Financial/Economic, Real Estate Mortgage Litigation Update TASA ID: 2590 Mortgage litigation in the U.S. has apparently slowed down significantly this year. The reason, I believe, lies in three major issues and initiatives. Read more
Category: Financial/Economic, Real Estate The Current Commercial Mortgage Market TASA ID: 1813 In an environment of over demand and under supply, mortgage lenders can "pick and choose" which loans they want to fund while imposing tighter underwriting standards. We have witnessed that since 2009. While becoming a little more liberal, that underwriting trend will continue for some time. Low interest rates and more liberal underwriting standards will undoubtedly benefit many properties, but they can't overcome the real problem for many CMBS borrowers. Read more
Category: Business & Commerce, Financial/Economic, Real Estate Increased Cost of Credit - or Not? TASA ID: 1989 ". . . farming operation suing a supplier whose representatives allegedly incorrectly advised the farmer on application of a chemical that resulted in reduced crop production. One of the causes of action was increased credit cost because his lender asked him to refinance due to his poor performance in the year of the loss." Read more
Category: Financial/Economic, Resources for Attorneys Peer Review of Your Credit and Collection Processes: A Great Loss Prevention Idea for Professional Service Provider Firms TASA ID: 2048 The professional service provider be it, law, accounting, architecture, or engineering is constantly challenged to balance contractual terms and conditions, while providing a professional and effective deliverable within budgetary guidelines. Unfortunately, the professional service provider has to occasionally deal with a difficult or unhappy client. Read more
Category: Financial/Economic, Security The Due Diligence Mess TASA ID: 2774 Indictments for Ponzi schemes and investor fraud have been increasing everyday. While pundits, Congress and financial experts pinpoint problems with regulatory agencies such as the SEC, the real problem centers on what I call the "Due Diligence Mess," the way in which this process is handled. Read more
