VA Announces Wind Down of VASP Program and VA Home Retention Waterfall
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Blog Posts June 27, 2025Large AI Model Developers in Focus for New York
What Happened? On June 12, 2025, the New York State legislature passed the Responsible AI Safety and Education (RAISE) Act, which awaits Governor Kathy Hochul’s signature or veto. The RAISE Act addresses developers of “frontier” AI models—those large AI models that cost over $100 million or use massive compute—and it aims to reduce the risks of “critical harm,” […]
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In the News June 20, 2025Inside Mortgage Finance | CFPB Suffers Blow in Bid to Drop Townstone SettlementAnoush Garakani is quoted on a federal district court’s refusal to dismiss a consent agreement between the Consumer Financial Protection Bureau and Townstone Financial to settle a redlining lawsuit.
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Blog Posts June 18, 2025Georgia Legislation Expands Consumer Financial Protections
What Happened? On May 13 and 14, Georgia Governor Brian Kemp signed into law three measures that amend or expand existing consumer financial protections for Georgians, and impact mortgage lending and servicing as follows: HB 240, effectively immediately upon approval on May 13, prohibits unfair and deceptive practices related to mortgage trigger leads. HB 241, […]
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Press Release June 13, 2025Alston & Bird Advises Chimera on Acquisition of HomeXpress MortgageAlston & Bird advised Chimera Investment Corporation, a publicly traded real estate investment trust, in its acquisition of HomeXpress Mortgage Corp., a leading originator of consumer nonqualified mortgages and business-purpose residential mortgage loans. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions.
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Speaking Engagement June 10, 2025MBA Residential Future Leaders ProgramNanci Weissgold joins the Leadership Panel during the Mortgage Bankers Association’s (MBA) Residential Future Leaders Program in Washington, D.C.
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Press Release June 5, 2025Alston & Bird Continues to Increase Rankings in Chambers USA 2025Alston & Bird has received significant recognition in the 2025 edition of Chambers USA: America’s Leading Lawyers for Business, with 77 practice rankings and 164 leading lawyer listings.
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Blog Posts May 30, 2025Update on New Maryland Law Clarifying Exemptions for Certain Mortgage Trusts
What Happened? As we previously advised you, in 2024, the Maryland Appellate Court in Estate of H. Gregory Brown v. Carrie M. Ward, et al., No. 1009, (App. Ct. Sept. Term 2023), ruled that a statutory trust that held a defaulted home equity line of credit (a “HELOC”) must be licensed as both an installment […]
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Speaking Engagement May 29–30, 2025CCFL 2025 Spring Consumer Financial Services ConferenceNanci Weissgold joins the May 30 panel “Updates in Mortgage Servicing” at this conference sponsored by The Conference on Consumer Finance Law (CCFL).
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Blog Posts May 28, 20255 Things to Think About When Using AI
What Happened? As the Trump Administration’s deregulatory, pro-innovation approach to emerging technology moves forward, the use of artificial intelligence has taken center stage, and it is clear that the Administration views it as a competitive economic force. The Administration’s emphasis on growth and deregulation was clear from its early days as it revoked the Biden […]
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Blog Posts May 19, 2025From Uncertainty to Action: DOJ Rolls Out a New White-Collar Enforcement Playbook
On May 12, 2025, the head of the U.S. Department of Justice Criminal Division, Matthew Galeotti, announced a new white-collar enforcement plan rooted in three tenets: “focus, fairness, and efficiency.” The new plan includes updates to the Criminal Division’s Corporate Enforcement Policy, independent compliance monitor selection policy, and whistleblower programs. In announcing the new plan, […]
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