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 […]
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 […]
NYDFS Director Lawsky To Resign In January The New York Daily News published a story on Monday stating that several key people in New York Governor Andrew Cuomo’s administration will be leaving now that Cuomo’s second term was affirmed by voters last week. “Top aide Larry Schwartz is expected to leave early next year while […]
In case you missed it last week, the Federal Reserve’s Federal Open Market Committee has ended bond purchases, finishing its third round of quantitative easing and this could adversely affect the “recovering” housing market next year. With less money being pumped into the system, the less likely banks and lenders will be to offer loan […]
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