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 ...

Tagged with: Foreclosures Goldman Sachs homeowners Morgan Stanley robo-signing

Democrats in the Monroe County Legislature have submitted a resolution supporting Attorney General Eric Schneiderman’s efforts to continue to investigate the financial meltdown and mortgage crisis of 2008 and obtain a settlement that holds those responsible accountable ...

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WASHINGTON, D.C. — Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the right steps to ensure Fannie was doing its job, according to a federal watchdog.

Tagged with: Fannie Mae Mortgages robo-signing

Foreclosure filings nationwide hit a three-year low in Feb and dropped 27 percent from a year ago, according to the latest study from RealtyTrac. Attorney Paul Riordan, foreclosure settlement conference referee for Monroe County ...

Tagged with: Foreclosures robo-signing

The foreclosure process across New York state continues to experience delays, and the question is whether multiple factors are to blame. A search of Monroe County Clerk’s Office records returned 1,927 notices of pendency related to mortgage ...

Tagged with: Foreclosures Mortgages robo-signing

Anyone who checks the paper regularly for foreclosure notices can spot that there aren’t many as of late. Some of the larger firms handling the bulk of foreclosures have come to a grinding halt ...

Tagged with: Foreclosures Law firms robo-signing

Christopher Marconi was in the shower when he heard a loud banging on his door. By the time he grabbed a towel and hustled to his front step, a U.S. marshal’s sedan was peeling out of his driveway. Nailed to Marconi’s front door was a foreclosure summons from Wells Fargo ...

Tagged with: Banks foreclosure mortgage robo-signing

A new state law allows those in foreclosure on their homes to have lenders pay their legal fees in some cases, a move some attorneys say will level the playing field. Gov. David A. Paterson last week signed The Access to Justice in Lending Act ...

Tagged with: Foreclosures Gov. David A. Paterson lenders Mortgages robo-signing

WASHINGTON, D.C. — Federal banking regulators are examining whether mortgage companies cut corners on their own procedures when they moved to foreclose on people's homes, Federal Reserve Chairman Ben Bernanke said Monday.

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The New York State Unified Court System on Wednesday announced that attorneys filing foreclosure forms will be required to verify their accuracy. The new rule, approved by Chief Judge Jonathan Lippman ...

Tagged with: attorneys Chief Judge Jonathan Lippman Foreclosures New York State Unified Court System robo-signing

NEW YORK CITY — Bank of America Corp. said Tuesday it lost $7.65 billion during the third quarter due to a charge related to credit and debit card reform legislation passed over the summer.

Tagged with: Bank of America Foreclosures legislation robo-signing third quarter

As prosecutors and class-action attorneys grapple with the extent to which “robo-signed” affidavits were filed in foreclosure cases nationwide, the judiciary will have to decide whether to handle them merely as instances of shoddy paperwork ...

Tagged with: Foreclosures fraud robo-signing