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Home Ownership

The recently enacted Housing Opportunity through Modernization Bill (2016) (the “ACT”) , allows HUD Section 8 vouchers to be used to make mortgage payments and to pay property taxes and insurance on manufactured homes.  A Section 8 voucher can now be used  to cover the cost of purchasing a manufactured home rather than only for […]

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Supreme Court Spokeo, Inc. v. Robins

The Supreme Court of the United States recently released a 6-2 opinion regarding the sufficiency of a claim based upon alleged statutory violations (Spokeo, Inc. v. Robins, No. 13-1339, decided May 16, 2016).  The complainant, Robins, accused Spokeo, Inc., allegedly a consumer reporting agency, of violating specific portions of the Fair Credit Reporting Act of […]

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Bank Regulatory Terms for the Banker and Dealmaker

California Finance Lenders License Purpose: Provide mortgage brokers and lenders with an exemption to other licenses Main Function: A required license for different types of consumer and commercial lending http://codes.lp.findlaw.com/cacode/FIN/1/d9/1/1 http://www.cfllicense.com/ http://media.mofo.com/files/Uploads/Images/140219-Expanded-Commercial-Loan.pdf CALL Report Purpose: A financial report that must be filed by all regulated financial institutions in the U.S. every quarter Main Function: The […]

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