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Local Builder and Wells Fargo Home Mortgage partner to debunk ?suburban? legends of home financing for buyers in gated community located in Monroe-Woodbury, NY.Monroe-Woodbury, NY (PRWEB) April 10, 2012 The builder (WP3,LLC) of Woodbury Junction, a new gated development of 450 homes in Orange County NY, announces a partnership with Wells Fargo Home Mortgage to smooth the path to new-home ...
NEW YORK (Reuters) - Five major U.S. banks have agreed to pay $25 million to New York State over their use of an electronic mortgage database that the state said resulted in deceptive and illegal practices that led to more than 13,000 foreclosures. JPMorgan Chase & Co, Bank of America Corp and Wells Fargo & Co each agreed to pay $5.9 million in order to partially settle a lawsuit over their use .
- Credit Suisse beats four others to buy $6B in NY Fed mortgage bonds

NY, California to sign mortgage settlement

Posted by mortgage 104 days ago (Editorial)
New York and California have agreed to sign the proposed settlement between U.S. states and the nation?s biggest mortgage lenders over foreclosure abuses, according to a source close to the negotiations. Bank of America, JPMorgan Chase, Wells Fargo, Citibank and Ally Financial agreed to the settlement ? for an estimated $37 billion as of Wednesday for [...]
The lawsuit accuses banks of creating a registry service that fails to accurately track mortgage ownership and lacks any legal authority to initiate foreclosures.
NEW YORK ? A former Credit Suisse trader has pleaded guilty in a federal probe that accused him of misleading investors in the subprime mortgage securities market. David Higgs also signed a cooperation agreement Wednesday while pleading guilty in Manhattan.
New York's top court on Tuesday cleared the state attorney general to pursue allegations that First American Corp. and its former subsidiary eAppraiseIT inflated property appraisals under pressure from client Washington Mutual.
Federal prosecutors in New York are investigating certain affiliates of Citigroup Inc. as part of an inquiry into home loan lending and mortgage servicing, according to a regulatory filing Friday.

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