An analysis by Joy Sperling and Michael Weiss of a recent decision by the U.S. Bankruptcy Court for the Eastern District of New York, "Federal Court Rules Widely-Used Mortgage System Ineffective to Permit Foreclosures," was published in Bloomberg's Bankruptcy Law Report on March 28. The decision in In re Agard, in which the court ruled that Mortgage Electronic Registration Systems, Inc. (MERS) cannot serve as an agent to assign mortgages, could have a substantial impact on the mortgage industry. MERS was established to provide more efficient transfers of mortgages that would be sold and/or securitized following their origination to lenders, but the court said MERS does not have the authority to conduct these transfers.
Joy Harmon Sperling, Christina Parlapiano and Michelle Moshe authored an article, "NJ Court Confirms Standing Based on Lost Note Affidavit, When Loss Is Prior to Assignment," published by the New Jersey Law Journal.
Christina Parlapiano and Adam Weiss authored an article, "NY Appellate Court Rules On Foreclosure De-Acceleration of Debt," published by Mortgage Daily.
Joy Harmon Sperling and Rachel Packer authored an article, entitled "Court Clarifies Standing Requirements if Note and Mortgage Separated," published by the New Jersey Law Journal.
Joy Harmon Sperling and Rachel Packer authored an article titled "New Jersey Appellate Division Upholds Priority of Mortgage Over Life Estate" in a recent edition of the New Jersey Law Journal.
Thomas J. O'Neill and Melissa Bruynell Manesse authored an article, "Mortgage Lender Loses Appeal in MA Foreclosure Case," for Mortgage Daily.
Jed Davis was quoted in a breaking news article, "New York eases proposed cyber regulations after industry complaints," published by Reuters.
Joy Harmon Sperling was featured in an article, "Rainmaker Q&A: Day Pitney's Joy Harmon Sperling," in Law360.
Stamford, Conn., August 24, 2015 - Day Pitney is pleased to announce that 68 attorneys have been selected for inclusion in the 2016 Best Lawyers in America. Best Lawyers ranks lawyers through peer-review surveys, and has been published annually since 1983.