Georgetown Law Professor Adam Levitin Wins Consumer Financial Services Writing Award
February 20, 2014 —
Georgetown University Law Center is pleased to announce that the American College of Consumer Financial Services Lawyers (ACCFSL) has given its annual “Best Professional Article” writing award to Professor Adam J. Levitin.
The ACCFSL selected Levitin’s Duke Law Journal article, The Paper Chase: Securitization, Foreclosure, and the Uncertainty of Mortgage Title (2013), among several dozen submissions for its excellence in legal analysis and prescriptive suggestions.
The paper examines the implications of recent litigation stemming from the deluge of post-housing bubble foreclosures. Levitin argues that legal reforms of the 1990s and 2000s meant to facilitate the securitization of mortgages have undermined the clarity of title for properties nationwide. He asserts that questions that were straightforward and uncontroversial a generation ago today threaten the stability of a $13 trillion mortgage market — questions such as who has the standing to foreclose, and what is the proper legal method for transferring mortgages?
A current member of the Consumer Financial Protection Bureau’s Consumer Advisory Board, Levitin specializes in bankruptcy, commercial law, and financial regulation. His research focuses on consumer and housing finance, payments, and debt restructuring. He has previously served as the Bruce W. Nichols Visiting Professor of Law at Harvard Law School, as the Robert Zinman Scholar in Residence at the American Bankruptcy Institute, and as Special Counsel to the Congressional Oversight Panel for the Troubled Asset Relief Program.
The American College of Consumer Financial Services Lawyers is a nonprofit organization of academicians, government regulators, consumer advocates, and in-house and outside counsel, all focused on improving laws related to consumer finance.