Home Loans New York

US banks to spend less on problem home loans

NEW YORK - Even as President Barack Obama is calling for more assistance for struggling mortgage borrowers, major banks are looking forward to spending less to handle problem home loans.

New York sues banks over fraudulent foreclosures

The state of New York sued major US banks on Friday for fraudulently foreclosing on thousands of homeowners in the state in the wake of the nationwide housing crash.

New York sues banks over electronic mortgage system

NEW YORK (Reuters) - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. Schneiderman filed the lawsuit against Bank of America Corp , Wells Fargo & Co and JPMorgan Chase & Co in New York state court in Brooklyn. The lawsuit is over the banks ...

Fitch Affirms MetLife Home Loans' U.S. RMBS Servicer Ratings; Assigns Stable Outlook

Fitch Ratings affirms the following U.S. residential primary servicer ratings for MetLife Home Loans :

Bank of America's Mortgage Head Rolls

NEW YORK (TheStreet) -- Bank of America home loans president Barbara Desoer will retire this month, after receiving a lovely parting gift from a federal judge on Thursday. Desoer has worked for Bank of America since 1977 and was most recently charged with the thankless task of "integration of the Home Loans business into Consumer Banking" in the wake of former CEO Ken Lewis's disastrous decision ...

New York offers home improvement loans through utility bills

Homeowners can borrow up to $25,000 to make energy improvements to their homes, then pay back the loan with the saving from their utility bills.

Insider among many who experts say played roles in housing crisis

Tino Martinez admits he helped approve billions of dollars in questionable home loans even when he thought they "would result in default and foreclosure." Martinez filed a whistleblower lawsuit to get money for Chicago and Illinois taxpayers -- and stands to keep 15 percent to 30 percent of any settlement or verdict for himself.