Tag Archives: Mortgage Law

Webinar: Maurice Wutscher’s Kevin Hudspeth to Discuss Assignment of Rents Enforcement After a Commercial Mortgage Default

Kevin Hudspeth

Oct. 11, 2022 — Maurice Wutscher attorney Kevin Hudspeth will be speaking in an upcoming Strafford live video webinar, Assignment of Rents Enforcement After a Default: Receivership, Foreclosure, and Bankruptcy Issues on Tuesday, Oct. 25, from 1 pm – 2:30 pm ET. The program is eligible in most states for 1.5 CLE credits.

Mr. Hudspeth will join a panel in discussing the different approaches that state and bankruptcy courts have taken to the exercise of assignment of rent remedies and how those approaches should inform the drafting of an assignment of rents and leases document in a commercial mortgage transaction.

After the presentation, the speakers will engage in a live question and answer session with attendees.

To register to attend the program at half off click here. Or call 1-800-926-7926 and ask for Assignment of Rents Enforcement on 10/25/2022 with promo code ZDFCA.

Kevin Hudspeth is a principal at national business and financial services law firm Maurice Wutscher LLP. He has substantial litigation experience in federal and state courts across the country, predominantly related to consumer protection claims, real estate issues, commercial business disputes, Uniform Commercial Code litigation, loan repurchase litigation, and contested foreclosures. He has handled and overseen cases at all levels, including federal appeals, class action lawsuits, and complicated trial level matters involving complex facts or difficult legal questions. He has also drafted amicus briefs for industry trade associations filed in the U.S. Supreme Court and the Eighth Circuit Court of Appeals. Mr. Hudspeth is a former Assistant Attorney General with the Office of the Illinois Attorney General.

Maurice Wutscher’s Ralph Wutscher Named American Bar Foundation Fellow

Ralph Wutscher attorney Maurice Wutscher LLPDec. 15, 2021 — Maurice Wutscher partner Ralph Wutscher has been named a Fellow of the American Bar Foundation.

The Fellows of the American Bar Foundation is a global honorary society of attorneys, judges, law faculty and legal scholars whose public and private careers have demonstrated outstanding dedication to the highest principles of the legal profession and to the welfare of their communities.

Membership in the Fellows is limited to one percent of lawyers licensed to practice in each jurisdiction. Fellows are nominated by their peers and elected by the Board of the American Bar Foundation.

Ralph Wutscher focuses his practice primarily on representing consumer and commercial financial services companies, including depository and non-depository mortgage lenders, fintech companies of various kinds, credit card issuers, and loan servicers, as well as financial asset buyers and sellers, and other financial services providers.  He also has substantial experience representing depository and non-depository auto finance companies.  He represents the lending and financial services industry as a litigator, and as regulatory compliance counsel.

Maurice Wutscher’s Kevin Hudspeth Discusses Massachusetts Foreclosure Challenges in Business Law Today

Kevin Hudspeth

April 15, 2021 — Maurice Wutscher attorney Kevin Hudspeth has written an article for the American Bar Association’s news magazine Business Law Today in which he discusses the Massachusetts foreclosure process and complications that arise for lenders when a note is lost.

In “Much Obliged: Massachusetts Lenders Shouldn’t Have to Lose It Over Lost Notes,” he writes, “a mortgage secures the borrower’s obligation to repay the debt, not the lender’s ability to enforce the note serving as evidence of the debt. Accordingly, the Massachusetts statutory power of sale should allow lenders who can prove that they own a lost mortgage note to foreclose even if they cannot show that the UCC would allow them to enforce the lost note.”

Mr. Hudspeth writes that harmonizing a ruling from the Massachusetts Supreme Court in Eaton v. Fannie Mae with the state UCC “should allow a lender who can demonstrate that it owns a lost mortgage note using ‘principles of the law of property’ to exercise the statutory power of sale. If the lender could not demonstrate its entitlement to enforce the lost note under Massachusetts’ UCC, it presumably could not collect any deficiency after the sale or otherwise obtain a judgment on the note, but reading Eaton together with the Massachusetts UCC should allow the lender to foreclose under the statutory power of sale as long as it can demonstrate that it owns the mortgage note.”

Kevin Hudspeth is of counsel to Maurice Wutscher LLP.  He has substantial litigation experience in federal and state courts across the country, predominantly representing national mortgage loan servicers on a wide variety of issues. He regularly litigates cases involving issues such as real estate litigation, commercial business disputes, Uniform Commercial Code litigation, loan repurchase litigation, and contested foreclosures.