Law Commons^™

Underwater Mortgages For Underwater Homes: The Elimination Of Signals In The Coastal Lending Market, Peyton J. Klein

Vanderbilt Law Review

Climate change and sea level rise threaten to increase the default risk of mortgages on homes in coastal areas. Faced with this reality, small coastal lenders have begun selling more climate-sensitive mortgages to Fannie Mae and Freddie Mac, thereby transferring the risk of climate-induced default off the lenders’ books. Fannie Mae and Freddie Mac play a crucial role in supporting America’s mortgage finance system by purchasing qualifying private home loans, packaging them into investable security pools, and guaranteeing timely payment of principal and interest to outside investors. Through selling mortgages to Fannie Mae and Freddie Mac, lenders can use their …

Ted Smedley And The Law School, John W. Wade

Vanderbilt Law Review

Ted Smedley had been a member of the faculty at Washington and Lee for eighteen years when he accepted our invitation to come to Vanderbilt. We wanted him to become Director of the Race Relations Law Reporter and to teach some of his customary courses. His coming may well have been the most felicitous occurrence for the school in the 1950's... Ted's work in the field of race relations extended beyond publishing the Reporter. He also taught a seminar on varying aspects of the field some five or six times and gave addresses and informal talks on the subject to …

Creditors' Rights And Security Transactions -- 1954 Tennessee Survey, Paul J. Hartman

Vanderbilt Law Review

Mechanics Liens

Two cases during the Survey period involve priorities between mortgages and mechanics' liens. They are Southern Blow Pipe & Roofing Co. v. Grubb,' and First State Bank v. Stacey. Before giving a detailed consideration of these cases, perhaps it would not be amiss to sketch in a little background by way of the general nature and scope of these mechanics' liens, as well as a few words concerning priorities with other liens. This introductory material may make the cases at hand a little more easily understood.

Origin Nature and Scope of the Lien

The term "mechanics' lien" includes …