OCWEN Fight With California Could Be More Damaging Than NYDFS Fight As OCWEN executives and shareholders begin to breathe a sigh of relief now that they have settled with the state of New York and showed CEO William Erbey the door, the lender could be facing more serious trouble on the horizon. The state of […]
As NY Foreclosures Rise More Homeowners Are Using Lawyers To Fight For Their Home Filings for NY foreclosures have steadily increased since 2011. This is according to the New York State Office of Court Administration. The data also shows the number of homeowners represented by legal counsel has also spiked. Roughly 44,469 NY foreclosure filings […]
NYDFS Forces OCWEN To Show CEO Erbey Shown The Door James Sterngold and Alan Zibel at the Wall Street Journal report that the New York Department of Financial Services and Ocwen Financial have reached a settlement in the NYDFS’s claims of servicing fraud against New York homeowners. As part of the deal, Ocwen also will […]
Andrew Cuomo & NY Consumers Lose Their Financial BFF With NYDFS Benjamin Lawsky’s Departure ICYMI-Last week, John Wilen at Forbes wrote a great piece about New York State Department of Financial Services Superindentent Benjamin Lawsky who will be leaving Governor Andrew Cuomo’s administration in January. In being tapped by Andrew Cuomo in 2011, Lawsky soon […]
Now An Ohio Legal Aid Firm Is Now Taking The FHA Foreclosure Defense Strategy To Another Level Most attorneys have been arguing what I call the “Paragraph 22” argument for a while. My argument refers to Paragraph 22 that appears in most standard mortgage agreements. Paragraph 22 basically says that the lender has to notify a […]
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