Tag: wells fargo

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National Mortgage Servicer Settlement Progress

National Mortgage Servicer Settlement Progress Report We previously wrote about the 25 billion dollar National Mortgage Servicer Settlement and how it, supposedly, helps distressed NY homeowners. The affected servicers are: Bank of America: 877-488-7814 Citibank: 866-272-4749 Chase: 866-372-6901 GMAC/ALLY: 800-766-4622 Wells Fargo: 1-800-288-3212 The above servicers have agreed to provide at least $25 billion in […]


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News: Banks to reduce mortgage balances?

The following is from the Huffington post: The nation’s five largest mortgage firms may be forced to reduce loan balances for distressed homeowners as part of an agreement with state attorneys general and the Obama administration to settle claims of faulty mortgage practices, a top state official involved in the negotiations said Tuesday. The proposal […]


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NY Attorney General Calls For Suspension of Foreclosures

The following article is from NY Attorney General Cuomo’s website. It calls for suspension of foreclosures by mortgage servicers engaged in “robo-signing” and offers sound advice to New York homeowners who are facing foreclosure proceedings. ATTORNEY GENERAL CUOMO EXPANDS PROBE OF NEW YORK FORECLOSURE ACTIONS Demands information from Bank of America, JP Morgan Chase, Wells […]


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Major Banks Halting Foreclosures in NY?

Are foreclosures being halted in NY? Foreclosure defense is a large part of our law practice. We are currently defending foreclosures brought by GMAC, Chase, Bank of America, Wells Fargo etc.  For the most part, we have not seen much evidence of these lenders suspending current foreclosure actions. They are still opposing our motions, replying […]


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News: 7 lenders ordered to review their foreclosure procedures

The following is from a recent Washington Post article: A top federal bank regulator said Thursday that he has directed seven of the nation’s largest lenders to review their foreclosure processes after learning about the widespread mishandling of homeowner evictions by the industry. John Walsh, acting director of the Office of the Comptroller of the […]


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