WASHINGTON — The nation’s largest banks will begin sending payments this week to millions of Americans who may have been wrongfully foreclosed on during the housing crisis. A total of $3.6 billion in cash will be distributed to 4.2 million ...Read More »
ALBANY — Thousands of New York homeowners have gotten an estimated $1.8 billion in loan relief from five U.S. banks as part of the national mortgage settlement over foreclosure abuses. So far, 21,535 New York homeowners have received assistance, including ...Read More »
WASHINGTON — Five of the biggest U.S. banks have cut struggling homeowners’ mortgage balances by $19 billion, part of a total $45.8 billion in relief provided under a landmark settlement over foreclosure abuses. More than 550,000 borrowers received some form ...Read More »
The home at 39 Lark St. in Rochester was purchased for $14,000 at a tax foreclosure auction last July. The single-family home was in bad shape, requiring asbestos and lead paint abatement, as well as general repair work necessary for ...Read More »
A multi-state settlement with Lender Processing Services Inc. and its subsidiaries, LPS Default Solutions and DocX, was announced Thursday by Attorney General Eric T. Schneiderman to resolve claims of unlawful foreclosure practices, including robo-signing. The $121 million settlement, reached by ...
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Representatives from Bank of America will be in Rochester for two days this week to meet with customers facing financial difficulties with their home loans. Bank of America customers seeking information or assistance with applying for a mortgage modification program ...Read More »
WASHINGTON, D.C. — Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes. The agreements announced Wednesday with the ...Read More »