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Tag Archives: New York

‘Foreclosure Predicament Persists’ in New York

CoreLogic reported that in June 2015, New York's foreclosure inventory rate (the percentage of residential mortgages in some state of foreclosure) was 3.7 percent, three times the national rate for the month of 1.3 percent and second among states (New Jersey had 4.7 percent).

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Margolin Weinreb Law Group Names Nierer As Partner

Attorneys Lance Margolin and Alan Weinreb have announced that Cynthia Nierer has been named a partner with Syosset-based foreclosure and credit services law firm Margolin & Weinreb Law Group as of April 1. The addition of Nierer as a partner will be reflected in the firm's new name, Margolin, Weinreb & Nierer Law Group.

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Ocwen Teams With Housing Group to Aid Distressed New York Homeowners

Ocwen Financial Corp. found trouble in New York last year when a top regulator's investigation revealed that the servicer had sent erroneously dated correspondence to about 7,000 borrowers. Over the weekend, however, Ocwen made positive news in New York when it teamed with Neighborhood Housing Services of New York City to reach out to aid struggling homeowners who were at risk of foreclosure.

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Fourteen Indicted in New York Over $20 Million Mortgage Loan Fraud

Fourteen defendants have been indicted on charges in connection with a massive mortgage fraud conspiracy that was perpetrated in New York for 10 years, according to an announcement made by Preet Bharara, U.S. Attorney for the Southern District of New York, and George Venizelos, assistant director in charge of the New York Field Office of the FBI, and Carl DuBois, Sheriff of Orange County, New York.

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