So says the Times. Not so much as before the Great Recession, and they're called non-qualified mortgages now, and maybe you can't get so-called "liar's loans" or negative amortization loans, but those with weak credit ratings can get mortgages again.
Category Archives: Uncategorized
We posted yesterday about the New York Court of Appeals' decision invalidating the New York City Board of Health's ban on the sale of large sugary drinks. The Board of Health targeted sugar because it believed that the best science shows that excessive sugar consumption is at the root of the obesity epidemic. There's a […]
For those of you who have been following the saga of Palmer v. KlearGear (see here for a summary), a big development this week: On Wednesday afternoon in Salt Lake City, after hearing testimony from the plaintiffs John and Jen Palmer about the damages they suffered as a result of their ordeal, the judge awarded […]
Read this piece by law professor and dean Erwin Chemerinsky.
The New York Court of Appeals — New York's highest court — today threw out the New York City Board of Health's ban on the sale of large sugary drinks. The ban was a significant component of former NYC Mayor Michael Bloomberg's fight against obesity. Read the court's 4-2 decision and Michael Grynbaum's article about […]
Eleven auto safety and other consumer groups have petitioned the Federal Trade Commission (FTC), asking the agency to take enforcement action against the major national used-car seller CarMax. The groups say that CarMax claims its cars go through a rigorous safety inspection but that, in fact, CarMax does not fix defects that are the subject […]
As Jerry Hirsch explains, the number of vehicles recalled this year for safety problems has reached an all-time high (breaking the previous high established in 2004). It's June.
Law professor Christopher Drahozal has written Error Correction and the Supreme Court's Arbitration Docket. Here is the abstract: Supreme Court Justices from William Taft to Stephen Breyer have repeated the maxim that the “Supreme Court is not a court of error correction.” When it comes to arbitration law, however, a number of the Court’s cases […]
The Supreme Court held this morning in Halliburton Co. v. Erica P. John Fund, No. 13-317 (June 23, 2014), that the presumption of shareholder reliance in private securities-fraud class actions established by the Court in Basic Inc. v. Levinson, 485 U.S. 224 (1985), should not be overruled. It agreed, however, with the defendant Haliburton that […]
In a unanimous opinion today in Lane v. Franks, the Court held that an employee who was fired by a public employer for giving subpoenaed judicial testimony about his state-funded program could maintain a claim for First Amendment retaliation. The key issue in the case was whether testifying was part of the employee's job responsibilities […]