Author: Brad Beckett

The U.S. Supreme Court, in a recent 5-4 decision held that disparate-impact-based discrimination claims are within the jurisdiction of the court and fall under the Fair Housing Act. The following link contains a detailed analysis of that decision by Harry J. Kelly, Esq., Nixon Peaboddy LLP (Washington D.C. Office). Nixon Peabody LLP Analysis of U.S. Supreme Court Disparate Impact Decision To view the entire U.S. Supreme Court decision, please click on the link below: TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS ET AL V . INCLUSIVE COMMUNITIES PROJECT, INC., ET AL.

HousingWire is reporting that New York’s top bank regulator has concerns about the business practices of Ocwen Financial Services, a nonbank that has recently become a lightning rod for regulator intervention. According to the report: New York State’s Department of Financial Services Benjamin Lawsky’s move comes just four days after Ocwen CEO Bill Erbey said that Lawsky’s indefinite hold on the $2.7 billion MSR deal between Ocwen and Wells Fargo has put a freeze on all MSR deals in the market. Erbey made the statement during the conference call for Home Loan Servicing Solutions first-quarter earnings.  “Until we resolve –…

The Wall Street Journal reports that “crowdfunding has caught on in a variety of industries, spurred in part by regulatory changes that make it easier for such businesses to look for investors.  In real estate, [Scott] Whaley says, the key advantages are the ability to access more deals, invest smaller sums and connect directly with developers to ask questions and research deals. Unlike real-estate investment trusts, crowdfunding also allows people to invest in particular buildings.” “The interest is huge,” says Scott Whaley, president of the National Real Estate Investors Association in Cincinnati. “There’s massive demand, both from entrepreneurs who want…