Mortgage Crisis pickets Hits Wells Fargo In Midtown Manhattan

Catherine Curan, NY Post Manhattan’s residential real-estate scene is roaring back — but don’t look across the river. The shadow of the foreclosure crisis is fading fast in tony enclaves like … [Read more...]

Wells Fargo Has To Produce Fraudclosure Manual To Federal Judge

Catherine Curan, NY Post Wells Fargo is in a federal judge’s hot seat. America’s largest mortgage servicer just lost the battle to keep its controversial Wells Fargo Home Mortgage Foreclosure … [Read more...]

OCWEN CEO Says NY State’s Blocking Of Wells Fargo/OCWEN MSR Deal Freezes All MSR Deals

Erbey

Trey Garrison, Housing Wire During the conference call for Home Loan Servicing Solutions (HLSS) first-quarter earnings, HLSS Chairman William Erbey said the New York Department of Financial … [Read more...]

Key MERS Lawyers Flee As Regulators Move In

Jesse Hamilton, Bloomberg As the rest of the housing industry recovers, a little-known firm with a key role in U.S. mortgage finance remains stuck in limbo, wrestling with regulators, lawsuits and … [Read more...]

Ginnie Mae Halts BofA Servicing Transfer Deal

halt-man-md

Kate Berry, National Mortgage News Ginnie Mae has halted the transfer of mortgage servicing rights from Bank of America (BAC) to a nonbank servicer because the bank is missing documents such as … [Read more...]

NY Appellate Court Rules In Favor Of MFI-Miami Client

lady_justice

Proof Any Attorney Can Win A Foreclosure Case With MFI-Miami's Help   Foreclosure fraud victims and MFI-Miami clients, Traci and Germaine Gales, won't be forced out of their home any time in … [Read more...]

Big Shot Foreclosure Mill Lawyer Assaults Homeowner’s Lawyer Inside Court House

Angry lawyer

Foreclosure Mill Attorney Goes Nuts After Judge Rules Against Him   "He was trying to send me a message that if you fight the big firm, I’m going to crush you,” -Foreclosure Defense Attorney … [Read more...]

NY AG Schneiderman shrugs off loss of control over housing settlement money

KEN LOVETT, NY Daily News Attorney General Eric Schneiderman doesn't care who controls the state's share of the JP Morgan Chase housing settlement funds as long as they go toward their intended … [Read more...]

New York Demands Data From Mortgage Firm Nationstar

MICHAEL CORKERY, NY Times New York State’s top banking regulator is raising questions about the capabilities of the mortgage servicing firm Nationstar Mortgage Holdings, demanding details about the … [Read more...]

New Laws Prohibiting Dual Tracking in the Foreclosure Context

 Amy Loftsgordon, Nolo Dual tracking occurs when a mortgage holder continues to foreclose on a homeowner’s home while simultaneously considering the homeowner’s application for a loan modification. … [Read more...]