New York City Mayor de Blasio Has Discovered A Cure For The Zombie Homes Plague In NYC! It’s lawsuits! New York State has been plagued by zombie homes in the decade since the financial crisis. Zombie homes are abandoned foreclosed homes that are owned by banks and lenders. In 2016 New York State passed a […]
NYDFS Squeezes $17 Million In Fines Out Of Nationstar aka Mr Cooper For Violating New York Finance Laws The New York Department of Financial Services has announced reached a $17 million settlement with Nationstar aka Mr Cooper. The NYDFS accused the lender of violating a plethora of NYS financial laws. Lending Website Housingwire stated: The settlement shouldn’t come
Nationstar AKA Mr Cooper Settles With NYDFS For $17 Million Read Post »
New Jersey And Other States Create State Level CFPB Agencies As A F*** You To Trump And Mulvaney Several states have announced they are launching state level CFPB agencies. This is in response to CFPB Acting Director Mick Mulvaney’s memo laying out his vision for the CFPB. The memo was obtained by investigative journalism nonprofit ProPublica. Mick Mulvaney
New Jersey And Other States Start State Level CFPB Agencies Read Post »
NYDFS Investigation Found PHH Mortgage Failed To Maintain Single Foreclosed Property New York has issued its first fine under its new Zombie Home Law. The lucky recipient is PHH Mortgage. The state of New York enacted the laws in 2016 to address the state’s issues with zombie homes. New York requires lenders and mortgage servicers to report
NYDFS Slaps PHH Mortgage With $119,000 Fine For One Property Read Post »
OCC & NYDFS Investigations Into Sterling National Bank’s Shenanigans Worry Customers and Share Holders MFI-Miami has learned thatthe Sterling National Bank-Hudson Valley Bank merger is about to collapse. Shareholders and deposit holders at Hudson Valley Bank are having grave concerns about the bank’s merger with Sterling National Bank. Sterling is now under investigation by both
Sterling National Bank-Hudson Valley Bank Merger: In Trouble? Read Post »
