Posts Tagged ‘York’

Government proposes new rules to stop foreclosure – New York Daily News

New York Daily News Government proposes new rules to stop foreclosureNew York Daily NewsAP The federal government proposed new rules on Tuesday that will give homeowners more ways to avoid foreclosure and get an accurate accounting of their monthly mortgage payments. Congress mandated changes in the rules covering the mortgage servicing …Feds to propose new [...]

As Foreclosure Problems Persist, Fed Seeks More Fines – New York Times

New York Times As Foreclosure Problems Persist, Fed Seeks More FinesNew York TimesFederal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate or forged documents. Last week, a senior Federal Reserve official …and more » View full post on [...]

Federal Reserve Seeks to Fine Firms Over Foreclosures – New York Times

Federal Reserve Seeks to Fine Firms Over ForeclosuresNew York TimesFederal regulators are poised to crack down on eight financial firms that are not part of the recent government settlement over home foreclosure practices involving sloppy, inaccurate or forged documents. Last week, a senior Federal Reserve official …and more » View full post on foreclosures – Google [...]

Manhattan foreclosures up 11% in last part of 2011 – New York Daily News

Manhattan foreclosures up 11% in last part of 2011New York Daily NewsBy Elizabeth Lazarowitz / NEW YORK DAILY NEWS Foreclosure notices in the borough rose 11% in the final three months of 2011 from the prior-year period, according to a report from NYU's Furman Center for Real Estate and Urban Policy.Home sales across city fell [...]

Foreclosure Deal Credits Banks for Routine Efforts – New York Times

New York Times Foreclosure Deal Credits Banks for Routine EffortsNew York TimesBanks do things like this — real estate transactions that do nothing to prevent foreclosure — all the time. But beginning this month, they can count such activities as part of their new commitment to help people stay in their homes.and more » View full [...]

Baum Foreclosure Firm Settles With New York for $4 Million – Bloomberg

Baum Foreclosure Firm Settles With New York for $4 MillionBloombergSteven J. Baum PC, the largest foreclosure law firm in New York until it shut down last year, reached a $4 million settlement with the state over abuses in its legal work. The firm and Pillar Processing LLC, a company that handled Baum's foreclosure …NY Firm [...]

Volunteers clean Jamaica property in foreclosure – New York Daily News

New York Daily News Volunteers clean Jamaica property in foreclosureNew York Daily NewsAbout two dozen volunteers recently cleaned up hypodermic needles, condom wrappers and trash strewn in front of a Jamaica home that has been vacant since it went into foreclosure. Members of New York Communities for Change Queens Chapter then took five …and more » [...]

Bank Officials Cited in Churn of Foreclosures – New York Times

Los Angeles Times Bank Officials Cited in Churn of ForeclosuresNew York TimesManagers at major banks ignored widespread errors in the foreclosure process, in some cases instructing employees to adopt make-believe titles and speed documents through the system despite internal objections, according to a wide-ranging review by …Deeply underwater homeowners to get most aid from foreclosure [...]

Bank of America Reaches Deal on Housing – New York Times

Wall Street Journal Bank of America Reaches Deal on HousingNew York TimesBank of America will provide deeper-than-anticipated principal reductions for about 200000 homeowners under newly-disclosed terms of last month's foreclosure settlement with state and federal authorities. The cuts for homeowners who owe more than their …Report: BofA Strikes Side Deal With Government on ForeclosuresFox BusinessBofA [...]

Courts to Hasten Efforts to Prevent Foreclosures – New York Times

New York Times Courts to Hasten Efforts to Prevent ForeclosuresNew York TimesNew York State's courts, frustrated by delays in thousands of foreclosure cases, are planning to speed them along in a new program that would give judges added control and require banks to send officials who have the power to alter loans to keep people [...]