Items Tagged with 'New York'

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Freedom Mortgage acquires Sterling National Bank mortgage lending business

Expands presence in New York
Freedom Mortgage Corporation is increasing its presence in the state of New York by acquiring the residential mortgage lending business of Sterling National Bank, the principal subsidiary of Sterling Bancorp. The deal represents Freedom Mortgage's second significant acquisition in just over a month, as the company pushes to expand its business.
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Morgan Stanley takes first steps in offering $400M in consumer relief in New York

Part of $3.2 billion settlement over "deceptive" mortgage bond practices
Earlier this year, Morgan Stanley agreed to a $3.2 billion settlement over its “deceptive” mortgage bond practices in the run-up to the financial crisis. Part of that settlement included a commitment to provide $400 million in consumer relief for New York residents. Now, Morgan Stanley is taking its first steps to fulfill that commitment.
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New York unveils $13 million program for cities' fight against zombie homes

New grant program uses Morgan Stanley settlement funds
The state of New York takes its next steps in its ongoing battle against neighborhood blight caused by abandoned foreclosures by unveiling a new program designed to help cities throughout the state fight back against the rise of zombie homes. And the state is using money from a massive settlement with Morgan Stanley to do it.
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RealtyUSA merges with Howard Hanna, forms nation's "3rd largest real estate company"

Combined company will have 9,000 sales associates and employees in 270 offices
Howard Hanna Real Estate Services, the largest real estate broker in Pennsylvania and Ohio, is merging with RealtyUSA, the largest real estate broker in New York, to form what the companies are calling the "third largest real estate company in the United States."
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New York launches "first of its kind" program; will buy delinquent mortgages from FHA

NYC set to buy loans to keep homeowners out of foreclosure
In what officials are calling a "first of its kind" program, the city of New York announced Thursday that it is plans to buy a number of delinquent loans from the Federal Housing Administration as part of an effort to keep struggling homeowners from losing their homes to foreclosure. Here are all the details.
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Groundbreaking ruling? Federal jury finds Emigrant Bank liable for predatory lending

Plaintiffs' lawyers claim decision is first jury verdict in "reverse redlining" case
In what the plaintiffs’ attorneys are calling a "first of its kind" decision, a federal jury in Brooklyn ruled this week that Emigrant Savings Bank and Emigrant Mortgage Company engaged in predatory lending by "aggressively marketing toxic mortgages to Black and Latino homeowners with poor credit" in the run-up to the housing crisis.
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Disbarred New York lawyer gets 3 years for phony ticket resale, real estate schemes

Fraudulently told investors he'd buy Super Bowl tickets, New York real estate
A disbarred New York attorney will spend more than three years in prison after being convicted on multiple charges stemming from his involvement in a ticket resale fraud scheme and a real estate investment fraud conspiracy that cheated multiple victims out of more than $3 million.
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