Tag Archives: New York Attorney General

New York Attorney General Eric T. Schneiderman this week announced a $500 million settlement between the state and Royal Bank of Scotland. The settlement relates to claims that the bank misled investors over the quality of risky mortgage-backed securities leading ...

Schneiderman joins the growing list of those calling for mortgage relief.

“Vigilant, well-informed homeowners are the best protection against these deceitful mortgage rescue scams.”

The latest round of funding will go to support the Homeowner Protection Program (HOPP), which is a statewide network of nearly 90 housing counseling and legal services agencies that provide free, high quality assistance to help struggling homeowners avoid foreclosure and stay in their homes.

Schneiderman said the three programs his office has created, the Homeowner Protection Program (HOPP), the New York State Mortgage Assistance Program (NYS MAP), and AGScamHelp.com, have benefited tens of thousands of homeowners in New York State by helping them avoid foreclosure and keeping them in their homes.

Morgan Stanley, a worldwide investment firm that is headquartered in New York, has had ongoing legal troubles in the last year or so with regards to its sales of RMBS prior to the financial crisis, resulting in a series of settlements totaling hundreds of millions.

A New York court has dismissed a lawsuit filed by the state's attorney general against HSBC Mortgage Corporation nearly two years ago which alleged that HSBC failed to follow the state law related to foreclosure actions.

Investment firm Morgan Stanley is currently negotiating a possible settlement with the office of New York Attorney General Eric Schneiderman over the mishandling of subprime mortgage loans in the run-up to the housing market crash and financial crisis, according to multiple media reports.

New York Attorney General Eric Schneiderman announced on Monday that he plans to introduce an expanded version of the bill he proposed last year reduce the number of zombie properties in the state.

New York Attorney General Eric Schneiderman has announced the launch of a Web-based app, AGScamHelp, as part of his office's new consumer education initiative.