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Real Estate & Property Law

: The Home Equity Theft Reporter

New York To Use New Law To Hammer Loan Servicers Giving Financially Strapped Homeowners Loan Modification Jerk-Around

By r morris

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In New York City, ProPublica reports:New York regulators have crafted new laws to give the state authority to punish mortgage servicers -- something the Treasury Department, in administering its struggling mortgage modification program, has so far failed to do. The new rules set clear standards for how servicers must handle homeowners seeking a modification.(1)"We will not hesitate to bring an

Full post as published by The Home Equity Theft Reporter on August 12, 2010 (boomark / email).

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