Banking & Finance Law Report

Matt Moberg

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Matt is the leader of Porter Wright’s Real Estate Practice Group in addition to practicing in the areas of commercial lending, title insurance, creditors’ rights, and general corporate and business law.

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Constructively charged with having retroactive actual notice when challenging an improperly recorded defective mortgage…wait, what?

“Great cases…make bad law” declared Supreme Court Justice Oliver Wendell Holmes Jr. in his dissenting opinion in the Northern Securities antitrust case of 1904. One of the most oft-quoted phrases any aspiring lawyer will hear in law school, this maxim stands for the proposition that decisions in cases of great importance from a public or … Continue Reading

Ohio Supreme Court to Address Issues Arising in Schwartzwald’s Wake

As all professionals whose business involves the prosecution of foreclosures in Ohio almost certainly know by now, the Ohio Supreme Court’s decision in Fed. Home Loan Mortg. Corp. v. Schwartzwald1 provided that the foreclosing plaintiff must have standing to bring the action at the time the plaintiff files the complaint. Typically this requires the claimant … Continue Reading

Ohio Supreme Court Foreclosure Decision

On Halloween, the Supreme Court of Ohio issued a ruling that should scare lenders who do not do their own due diligence before filing a foreclosure action, particularly with respect to loans pooled into mortgage-backed securities, or that have otherwise been assigned one or more times from the originator of the loan. The Court, in … Continue Reading
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