New York Attorney General Eric T. Schneiderman this week announced a $500 million settlement between the state and Royal Bank of Scotland. The settlement relates to claims that the bank misled investors over the quality of risky mortgage-backed securities leading ...
Read More »Forces Join to Protect Borrowers from Foreclosure Relief Scams
“Vigilant, well-informed homeowners are the best protection against these deceitful mortgage rescue scams.”
Read More »New York AG Announces Further Funding for Foreclosure Prevention
The latest round of funding will go to support the Homeowner Protection Program (HOPP), which is a statewide network of nearly 90 housing counseling and legal services agencies that provide free, high quality assistance to help struggling homeowners avoid foreclosure and stay in their homes.
Read More »Report: Morgan Stanley, New York AG Discussing $500 Million RMBS Settlement
Morgan Stanley, a worldwide investment firm that is headquartered in New York, has had ongoing legal troubles in the last year or so with regards to its sales of RMBS prior to the financial crisis, resulting in a series of settlements totaling hundreds of millions.
Read More »Court Dismisses New York AG’s Lawsuit Against HSBC for Letting Foreclosures Languish
A New York court has dismissed a lawsuit filed by the state's attorney general against HSBC Mortgage Corporation nearly two years ago which alleged that HSBC failed to follow the state law related to foreclosure actions.
Read More »New York AG Proposes New Expanded Bill to Reduce Zombie Properties
New York Attorney General Eric Schneiderman announced on Monday that he plans to introduce an expanded version of the bill he proposed last year reduce the number of zombie properties in the state.
Read More »Judge Dismisses New York AG’s Claims That Servicer Failed to Comply With Settlement
A federal judge dismissed on Monday allegations from New York's Attorney General that Wells Fargo failed to live up to its end of a historic $25 billion mortgage servicing settlement struck in 2012.
Read More »New York AG Sues Law Firms for Mortgage Loan Relief Scam
New York Attorney General Eric Schneiderman has sued two law firms and their principal attorney, in a New York County Supreme Court accusing them of participating in a fraudulent mortgage rescue scam, Schneiderman's office announced earlier in the week.
Read More »New York AG Commits More Funds to Homeowner Protection Program
The office of New York Attorney General Eric Schneiderman will be committing up to $40 million to aid organizations that work through the Homeowner Protection Program (HOPP) to provide housing counseling and legal services to struggling homeowners, Schneiderman announced on Monday.
Read More »New York AG Pushing Legislation to Stop ‘Zombie Foreclosures’
New York Attorney General Eric T. Schneiderman and others have made a big push in recent months to pass legislation to prevent so-called "zombie foreclosures," which have become a significant problem in the state.
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