NY Attorney General: Banks Dropped The Ball On Loan Modification Applications

No. 275: 18 November 2010


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Mortgage Application Approval. !!!

NY Attorney General: Banks Dropped The Ball On Loan Modification Applications
Attorney General Eric Schneiderman said in a statement that the banks have failed to comply with the 2012 settlement, which required the five largest mortgage servicing banks to comply with rules for processing mortgage modification applications.
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Today's Mortgage Rates: Bank of America Home Purchase and Refinance
Yesterday an industry group published the results of its weekly mortgage application activity survey. According to the Mortgage Bankers Association's (MBA) findings, mortgage activity in the U.S. declined 7.3% in the week ended May 10. Due to rising …
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New Jersey Woman Indicted in Straw Buying Scheme
Arcentales, a loan officer at PMS, provided fraudulent documents to financial institutions in connection with mortgage loan applications on behalf of “straw buyers” to induce those financial institutions to fund mortgage loans. Relying upon those false …
Read more on National Mortgage Professional Magazine

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