How New York Homeowners Are Scoring Free Houses During Foreclosure Using New York’s Statute Of Limitations Law New York homeowners are using a legal tactic to score a free house during foreclosure. MFI-Miami and our partner law firms used to use a similar tactic in Florida. That was until the Florida Supreme Court stepped in […]
Queens Foreclosures Skyrocket In First Three Months of 2019 Queens Foreclosures Skyrocket! should be the headline of a recent report by Property Shark. Property Shark found that Queens is seeing a spike in foreclosures. Southeast Queens neighborhoods seem to be the hardest hit. PropertyShark recently released their Residential Foreclosure Report for Q1 2019. New York City […]
HUD Denies Lender Claims They Are Denying FHA Loans To DACA Dreamers FHA and HUD are denying claims they are denying government-insured loans to DACA Dreamers. HUD told HousingWire earlier this week that their policies have not changed in regard to mortgages to Deferred Action for Childhood Arrivals recipients. Yet, multiple lenders and mortgage industry participants […]
Ocwen Financial Stock Plummets Faster Than Contestants On A Japanese Game Show. Is New Boss From PHH To Blame? Ocwen Financial saw its stock plummet last week by more than 17%. The company reported a net loss of $41 million or $0.31 per share for the third quarter of 2018. Ocwen Financial shareholders wonder if […]
Two Deutsche Bank Traders Convicted For Manipulating LIBOR Index The federal government convicted two Deutsche Bank Traders in New York last week. The government accused the two traders from Deutsche Bank’s Pool Trading Desk of participating in a scheme to manipulate the London Interbank Offered Rate (LIBOR). The LIBOR Index is a critical global benchmark tied to […]
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