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Loan Modification

Two Paths to Finding a West Virginia Mobile Home to Be Real Property

The method for perfecting a lien on a mobile home depends upon whether it is considered personal or real property. The West Virginia Supreme Court has recently confirmed that there are two paths to finding that a mobile home may be considered real property for lien perfection purposes. In Sheehan v. Mortgage Electronic Registration Systems, Inc.1  the court held that the process described in West…

Moving beyond encouragement: Easing the complexity of granting short-term COVID-19 loan relief

The financial services regulators have moved significantly beyond encouraging financial institutions to work with loan customers affected by the Coronavirus 2019 Pandemic (COVID-19). On March 22, 2020, the federal financial services regulatory agencies and the Conference of State Bank Supervisors issued “Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working…

Time to Modify Lending Practices. Preparing for Coronavirus Demands on Commercial Lending.

Commercial lending during times of economic stress involves managing enhanced risks.  Managing those risks may require setting new lending goals, reviewing processes, and increasing training.

The emergence of the Coronavirus Disease 2019 (COVID-19) is rapidly disrupting economic activity across the country.  These disruptions are reducing economic activity for many industries.  These reductions will…


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