President Trump is expected to sign legislation soon that would expand the number of farmers who could file under the more lenient Chapter 12. Ag lenders are worried because farm bankruptcies recently rose and the trade war with China could worsen.
From housing finance to Facebook’s crypto plans, moderators questioning the presidential candidates in Texas next month would have no shortage of financial policy topics from which to pick.
From: New York Post
By: John Aidan Byrne
From: Business Insider
By: Hillary Hoffower
from Courthouse News Service
.Part I of this short series on real estate transactions (read it here) talked about the title to the property. We saved title insurance for Part II. It’s its own animal.
Title insurance protects the buyer and the mortgage lender in the event a future problem is found with the title. Having an experienced Wisconsin real estate attorney on board early reduces the possibility that a problem will be found later. An experienced Wisconsin real estate attorney explains the title commitment to you. Most importantly, the attorney makes sure you understand liens, easements, and deed restrictions which remain on your property after purchasing.
Title insurance insures the piece of property with regard to claims, rights, and liens against the home or property being purchased. These claims sometimes include fraudulent titles, forged signatures, undisclosed heirs to the property, or spousal claims from ex’s. When a home is in a subdivision or is a condominium, the title insurance lists all the restrictions and covenants (rules) of the subdivision or condominium.
Read More from: Wynn at Law, LLC
Banks currently can help their CRA performance with mortgages to anyone in a distressed neighborhood, but Joseph Otting said officials crafting a reform plan are considering limiting that to lower-income borrowers.
BlackRock has released its Investment Stewardship Report for the Americas region (United States, Canada and Latin America) for the second quarter of 2019. The majority of the investor’s stewardship activities during this quarter entail voting and direct engagements to inform its voting decisions given that a majority of its portfolio companies’ shareholder meetings are scheduled in this time period. In sum, in comparison to the second quarter of 2018, BlackRock has engaged with approximately 9% fewer companies in the Americas, and for North America (United States and Canada) the percentage of proposals BlackRock has voted against managements’ recommendations, while still low, has increased from 4% to 7%.
Read More from: Davis Polk Briefing: Governance
Payments are a big business and the market is evolving. Emerging technologies and shifts in consumer behaviors and expectations are reshaping the payment process landscape.
The Michigan company disclosed that an unnamed client made a large payment on a $6.5 million nonperforming loan.
Anticipating recession, banks start scrubbing loan books; how Trump's political appointees thwarted tougher settlements with two big banks; the Fed's plans on its real-time payment service; and more from this week's most-read stories.
The New Jersey company was reportedly shopping itself around last fall. Fresh off an agreement to buy Gold Coast Bancorp in New York, CEO Kevin Cummings says he is ready to explore other acquisitions.
There are subtle differences in Walmart's virtual currency project compared to Facebook's Libra, but these may be enough to avoid the regulatory firing squad that Facebook has endured.
Ancora Advisors also suggested that the company get rid of its current management team.
Secretary Ben Carson was invited by the head of the Senate Banking Committee to Idaho to discuss low-income housing shortages.
Read More from: The Soap Box
When can an insolvency practitioner pursue directors for declaring unlawful dividends?
Read More from: eSQUIRE Global Crossings
The bank will buy First State Bank of Mobeetie.
The New Jersey company will pay $284 million for Two River Bancorp and Country Bank Holding.
Furie Operating Alaska, LLC, along with its parent, Cornucopia Oil and & Gas Company, LLC, and its affiliate, Corsair Oil & Gas LLC, filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware (Lead Case No. 19-11781-LSS). The Debtors report an estimated 1 to 49 creditors, estimated assets of $10,000,001-$50 million and liabilities of $100,000,001-$500 million. The cases have been assigned to the Honorable Laurie Selber Silverstein.
Read More from: Bankruptcy and Restructuring Law Monitor