Two Months In: VantageScore 4.0’s Uneven Entry into Mortgage Lending
September 18, 2025
Mortgage Rates Dip to 11-Month Low as Demand Reaches 2022 Levels
September 22, 2025
September 19, 2025
On September 16, 2025, a mortgage holder filed a putative class action in the U.S. District Court for the Northern District of New York against the State of New York, challenging the Foreclosure Abuse Prevention Act (“FAPA”). The suit contends that FAPA’s retroactive changes to New York’s foreclosure statute of limitations extinguished vested foreclosure rights and rendered thousands of mortgages unenforceable. The complaint alleges violations of the Takings Clause, Contracts Clause, and Due Process Clause, and seeks declaratory and injunctive relief, damages, and attorneys’ fees on behalf of a class of affected mortgage holders.
DISCLAIMER
This publication may constitute attorney advertising under the laws and rules of professional conduct of one or more states. The information provided in this publication is for general informational purposes only and does not constitute legal advice. The contents are not intended to be a substitute for professional legal advice, consultation, or representation. No attorney-client relationship is formed by reading or relying on this publication. Prior results do not guarantee a similar outcome. Readers should consult a qualified attorney for advice regarding their individual circumstances or any specific legal questions they may have.
If you have questions about this publication, please contact Adam Friedman, Ralph Vartolo or Michael DeRosa,
Friedman Vartolo LLP, 1325 Franklin Avenue, Suite 160, Garden City, NY 11530, Phone: (212) 471-5100 | Fax: (212) 471-5150.
