Tag Archives: mortgage servicers

Are new foreclosures filings in New York about to rise significantly?

title insurance New York

Since the worst days of the economic crisis in 2008-2009 the statistics presented by the media concerning the level of new foreclosure filings in New York have indicated that borrowers are on the mend and that the tidal-wave effect of the financial crisis was over! But is this actually correct? For those of us whose […]

Homeowners, banks and second mortgages!

Is there a loophole in the federal settlement with mortgage servicers that could spell trouble for the lenders holding second mortgages in distressed property? An article from The New York Times titled ‘The Second-Mortgage Shell Game‘ talks about the problem: “IN January, federal regulators announced an $8.5 billion agreement with 10 mortgage servicers to settle claims […]