News Updates

Supreme Court Asks the Second Circuit to Reanalyze Whether the National Bank Act Preempts State Law Requiring Interest on Mortgage Escrow Accounts

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By T. Robert Finlay, Esq. and Kathy Shakibi, Esq. of Wright, Finlay & Zak, LLP INTRODUCTION On May 30, 2024, the Supreme Court of the United States (“SCOTUS”) issued its opinion on a matter of far-reaching consequence – whether the National Bank Act preempts a New York State consumer financial law requiring payment of interest on mortgage escrow accounts. Cantero v. Bank of Am., N.A., 2024 U.S. LEXIS 2367. The

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Drop-off in Zombie Homes Tracks Broad Slowdown in Lenders Pursuing Delinquent Homeowners ATTOM, a leading curator of land, property, and real estate data, released its second-quarter 2024 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,289,387) residential properties in the United States sit vacant. That figure represents about 1.3 percent, or one in 79 homes, across the nation – the same as in the first quarter of this year. The report analyzes

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Zillow analyzed rent affordability, job openings and the number of residents in their 20s to come up with this year’s ranking of the best markets for new college grads College seniors who visited Phoenix for last month’s NCAA basketball championship might consider staying and putting down roots. Phoenix is the best market for this year’s college grads, boasting the best combination of rental affordability and concessions, job prospects and neighbors in their 20s for the

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New COO Remains President of Incenter Company CampusDoor While Bringing Operational, Problem-Solving and Leadership Talents to Corporate Parent Incenter, a family of companies dedicated to improving the performance of lenders and depositories, has promoted Sara Parrish to Chief Operating Officer. She will also remain President of Incenter company CampusDoor, where her focus on operational excellence, creativity, and team empowerment has propelled new growth since she took the reins in 2022. “I

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Offers a Detailed National Boundary Product Covering Over 187 Million Building Outlines; Captures the Exact Shape and Perimeter of a Building Using Advanced Proprietary AI Algorithms ATTOM, a leading curator of land, property, and real estate data, is pleased to announce it has added yet another new data product to the ever-expanding ATTOM Table of Data Elements – Building Footprints. ATTOM’s Building Footprint data covers 187 million building outlines nationwide for all property

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Seasoned executive with 20+ years of finance leadership at WarnerMedia, TBS, and AT&T Offerpad Solutions Inc., a leading tech-enabled platform for residential real estate, announced the appointment of Peter Knag as its new Chief Financial Officer, effective June 5, 2024. Knag brings a proven track record of success and deep financial acumen to Offerpad, having excelled in senior financial leadership roles across the media, telecommunications, technology, and finance sectors. Knag