Articles Tagged with ''New York Attorney General''

State of New York accuses Evans Bank of redlining

Bank allegedly drew map which excluded African-Americans
According to the suit filed on behalf of the People of the State of New York by New York Attorney General Eric Schneiderman, Evans Bank allegedly created a map of its “lending area,” which included most of the city of Buffalo, but excluded the predominately African-American neighborhoods on Buffalo’s Eastside.
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Ocwen will stop using mortgage gag orders

Prevents the rare times it was used
"To clarify, Ocwen has never required non-disparagement clauses for mortgage modifications. Our agreement with the DFS deals with the highly unusual situation where there is a legal settlement agreement with a borrower," John Britti, chief investment officer at Ocwen, said.
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Appraisals Have a Problem, Bank on it

Since the inception of the Home Valuation Code of Conduct (HVCC) in May 2009, there has been much discussion, and misinformation, about the benefits and harm caused by the controversial agreement with the New York Attorney General’s office and the Federal Housing Finance Agency.
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