Real Estate Law Section

The section monitors, studies and proposes statutory developments in property law and keeps its membership updated by sending periodic e-newsletters. It also produces annual CLE programming for real estate lawyers and others.

Chair
Webb Sanders PLLC
125 W Hester Rd
Cottontown, TN 37048
(615)581-0804

Regions Bank to Pay $52M in Mortgage Loan Case

Alabama-based Regions Bank has agreed to pay more than $52 million to resolve allegations that it improperly handled mortgage loans, federal officials announced this week. The bank was accused of approving mortgage loans, insured by the Federal Housing Administration, that failed to meet requirements designed to protect homeowners. As part of the settlement, Regions acknowledged it failed to follow several federal guidelines. Authorities said that as a result, the government insured hundreds of loans approved by Regions that were not eligible for mortgage insurance. WRCB-TV has the AP story.

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