Firm Insights
It appears that rule-making agencies are likely to gut a provision from the Dodd-Frank financial overhaul law that requires securitizing lenders to retain at least 5% of the credit risk in all but the safest real estate secured loans. “Great Recession” The FDIC, FRB, SEC, Federal Housing Finance Agency, and Department of Housing and Urban…
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Late this past summer, the State of Missouri enacted legislation permitting the formation of a new type of entity called a “Series LLC” in Missouri. By way of background, in 1996, Delaware was the first state to enact a Series LLC statute, and since that time, at least eleven states, including Illinois and Kansas, have…
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On August 28, 2010, a new section of the Missouri Mechanic’s Lien Statute (Chapter 429 MO Rev. Stat.) will take effect. Section 429.016 applies only to “residential real property” on which structures are to be built or renovated with the intent of being used for residential purposes upon completion. Condominiums, townhouses and co-ops are included,…
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