Items Tagged with 'New York'

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New York county legislator, former city official among victims of mortgage fraud conspiracy

Own mortgage company allegedly defrauded by lawyer, broker, appraiser, Realtor
A mortgage company owned by a New York country legislator and a former Syracuse city auditor is among the alleged victims of a mortgage fraud conspiracy that involved a lawyer, a mortgage broker, a real estate appraiser, and a Realtor working together to defraud lenders out of more than $4 million.
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New York Attorney General pushes FHFA for principal reduction

Schneiderman wants Fannie, Freddie to cut mortgage balances
New York Attorney General Eric Schneiderman joins the chorus calling for Fannie Mae and Freddie Mac to reduce the mortgage balances of struggling borrowers. Schneiderman sent a letter to FHFA Director Mel Watt this week, stating that principal reduction "should be deployed broadly and quickly to homeowners in desperate need of this relief from the continuing damage caused by the housing crisis."
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NYC Mayor housing plan gains more support

Affordable housing goals set for low-income people
New York City Mayor Bill de Blasio and the Real Affordability for All coalition reached an agreement over the weekend after seeing a revised version of de Blasio’s original proposal for a 10-year zoning plan.
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Remember Trump Mortgage? Inside the GOP frontrunner's failed mortgage venture

Washington Post, John Oliver shed light on Trump's pre-crisis mortgage bet
Republican Presidential frontrunner Donald Trump may have claimed that he predicted the fall of the American housing market before the bubble burst, but that didn’t stop him from launching a mortgage venture of his own at the height of the mortgage boom. Anyone remember Trump Mortgage?
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Black Knight: Home prices close out 2015 relatively flat

Only rise 0.1% from November
As last year came to a close, home prices didn't announce any surprise, remaining basically flat and increasing a marginal 0.1%. And while New York once again led gains among the states, another stated joined it to be one of the top states leading the way in December.
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Morgan Stanley settles for $3.2 billion over 'deceptive' mortgage bond practices

Internal e-mail: We are running under the radar and do not want to document this
Morgan Stanley will hand out hundreds of millions of dollars in consumer relief and fork over hundreds of millions more to state governments as part of $3.2 billion settlement over its “deceptive” mortgage bond practices in the run-up to the financial crisis, the New York Attorney General’s Office said Thursday.
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