George Schneider is an attorney in Goodwin’s Financial Industry and Consumer Financial Services Litigation practices. His practice focuses on the representation of financial services institutions in litigation matters, including class action litigation. He has defended leading financial services institutions against many individual and class consumer actions, including claims arising under the Real Estate Settlement Procedures Act, the Truth in Lending Act, the Fair Credit Reporting Act, the Telephone Consumer Protection Act, state unfair and deceptive trade practices acts, and other consumer lending statutes and regulations.
After the financial crisis, many counties sued MERS to force MERS members to record future security interest assignments and recover fees they claimed were "lost" because MERS members stopped recording assignments. Connecticut, however, tried a different tack to recover these alleged "lost" fees and won, locking in a "game-changing" victory. Two expert attorneys explain the decision and its possible impact in other states.
Brickman takes to helm of one of the largest mortgage companies in the U.S. today, and while times at the government-sponsored enterprise are filled with uncertainty, Brickman sees nothing but excitement for the future of Freddie Mac.
When buying a home, many Americans consider a 20% down payment to be the norm, the ideal amount of money to put down to get a conventional mortgage with no private mortgage insurance and to keep monthly payments reasonably affordable.