Jurisdiction of the Supreme Court. An example of such a case is the 1998 case of State of New Jersey v. State of New York. In this case, the two states litigated the question of which state had jurisdiction over Ellis Island. "Original jurisdiction" cases are rare, with the Court hearing one or two cases each term.
In almost all cases, the Supreme Court’s review is discretionary. This means the court may decide not to accept the case. In that event, the last decision from a lower court is final. When the Supreme Court decides to review a lower court decision, the justices study the record and the questions or points of law it raises.
Morgan Stanley surprised by reported Citi settlement size · On the day of Mr. Madoff’s arrest in December 2008, a JPMorgan employee wrote to a colleague: “Can’t say I’m surprised, can you?” The colleague replied: “No.” A version of this article appears in print on 01/08/2014, on page B 1 of the NewYork edition with the headline: JPMorgan Is Penalized $2 Billion Over Madoff.
The MERS process circumvents the statutory system, and therefore MERS is arguably illegal in every state. Perhaps not all state supreme courts will rule this same way; but many will, if cases reach that level. The case does closely resemble one that was decided by the Kansas state supreme court.
Much as Supreme Court Chief Justice John. “present political questions beyond the reach of the federal courts,” and thus,
MBA: New home purchase mortgage apps rise 5% BIG US banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows. NEW YORK] US mortgage application activity fell to its lowest.
· MERS continues racking up wins. Today, Rhode Island Superior Court Associate Justice, Allen Rubine rejected another claim of wrongful foreclosure against MERS and their co-defendants in the case of Akalarian v. RBMG, Inc., et al, wherein the borrower alleged that MERS had no authority to assign the mortgage and that because.
MERS Case Filed with Supreme Court Among the ongoing court cases surrounding the right of Mortgage Electronic Registration Systems? (MERS) to foreclose homes, one case out of California has been elevated to the Supreme Court.
"The court’s dismissal of these 72 cases against MERS, including six class actions, is an extremely significant ruling and shows that claims being made against MERS and MERSCORP alleging fraud, or that security interests are unenforceable, or alleging that foreclosures are inappropriate due to MERS? presence as a party, are meritless," said MERSCORP in a statement.
Senators craft extended mortgage relief for military FHFA: Principal reduction would cost Fannie, Freddie $100 billion fannie mae and Freddie Mac Surpass FHFA Credit Risk Transfer Goals.. $667 billion in unpaid principal balance (upb), exceeding the goals set by. there is a price bubble in play) at the time the loans are acquired," FHFA. The credit risk transfers are a means to reduce that amount of required capital.Shown Here: Introduced in House (02/13/2015) mortgage forgiveness Tax Relief Act of 2015. Amends the Internal Revenue Code to extend through 2016 the exclusion from gross income of income attributable to the discharge of indebtedness on a principal residence.Short Sale Fraud Fears Grow as HAFA Gets Set to Pop Short sale fraud is a loose term for describing fraud, deceit, or trickery in connection with a short sale transaction. As background, a short sale is a sales transaction where: (1) the sales price is less than the seller’s existing mortgage loan balance, other liens, and costs; and (2) the existing creditors agree to a payoff of less than what’s owed.HAMP loans about to reset at higher interest rates Fannie Mae modification interest rate Exhibit The Fannie Mae Modification Interest Rate is subject to periodic adjustments based on an evaluation of prevailing market rates. The servicer must use the current Fannie Mae Modification Interest Rate indicated below when evaluating a borrower for a conventional mortgage loan modification.AEI labels Johnson-Crapo the ObamaCare of GSE reform’ Coffee: JPMorgan' settlement mortgage Cup Morning Monday $13B. – american homes 4 rent plans single-family securitization AEI labels Johnson-Crapo the ObamaCare of gse reform’ comparing housing finance reform legislation 2 been interpreted as an endorsement of the basic features of the Corker-Warner bill. To help understand these legislative proposals, our rm has created a comparison chart.
Docket Search The Supreme Court’s docket system contains information about cases, both pending and decided, that have been filed at the Court. The docket provided here contains complete information regarding the status of cases filed since the beginning of the 2001 Term.