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NY Regulators Okay Goldman's Sale of Litton to Ocwen With Anti-Robo-Signing...

New York State Superintendent of Financial Services Benjamin M. Lawsky has announced that New York’s Department of Financial Services and the New York State Banking Department have entered into an...

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NYS State Banking and Insurance Departments Officially Merge

Benjamin M. Lawsky, Superintendent of Financial Services, has announced the structure for the new Department of Financial Services for the State of New York. Superintendent Lawsky was recently joined...

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Florida Man Accused of Defrauding Countrywide Out of More Than $640,000

New York State Attorney General Eric T. Schneiderman has announced the arrest and arraignment of Angelo Rossi on 11 felony charges, stemming from a scheme to defraud Countrywide Home Loans, Inc., as...

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NYS Department of Financial Services Launches Statewide Foreclosure Relief...

Benjamin M. Lawsky, Superintendent of the New York State Department of Financial Services, has launched a statewide effort to stem mortgage foreclosures by helping homeowners at risk of losing their...

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New York State Demands Ocwen Revamp Its Servicing Practices

Superintendent Benjamin M. Lawsky has announced that the New York State Department of Financial Services is requiring Ocwen Financial Corporation to hire a monitor to ensure that the company complies...

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NYS Gov. Cuomo Reaches Forced-Placed Insurance Settlement With Assurant

New York State Gov. Andrew M. Cuomo announced that a New York State Department of Financial Services (DFS) investigation has produced a major settlement with the country’s largest “force-placed”...

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NY Gov. Cuomo Requests GSE Policy Changes for Victims of Superstorm Sandy

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NY Governor Continues Fight Against Forced-Placed Insurance

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NY Governor Seeks to Aid Those With Credit Scores Impaired by Hurricane Sandy

New York Gov. Andrew M. Cuomo has announced that his Administration has asked the credit scoring and reporting bureaus to take immediate action to stop the lowering of credit scores for Superstorm...

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NY Governor Announces New GSE Mortgage Relief Program for Superstorm Sandy...

New York Gov. Andrew M. Cuomo has announced that Fannie Mae and Freddie Mac–in response to a request from the Cuomo Administration–are unveiling a new mortgage relief program to protect victims of...

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NYS Governor Announces 100 Percent Coverage Regarding Force-Placed Insurance

The Cuomo Administration announced that its nation-leading force-placed insurance reforms will now cover 100 percent of the New York market after the New York State Department of Financial Services...

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NY Gov. Cuomo Seeks to Stamp Out Slumlords

New York Gov. Andrew M. Cuomo announced proposed Slumlord Prevention Guidelines (SPG) for bank lending to help protect tenants, strengthen communities, and promote sustainable, long-term investments in...

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New York Gov. Cuomo Announces Plans to Reform the Force-Placed Insurance...

New York Gov. Andrew M. Cuomo announced that his administration is proposing a groundbreaking set of new rules to reform the force-placed insurance industry. The Department of Financial Services (DFS)...

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Prospect Mortgage Agrees to Pay $3 Million Penalty for Deceptive Practices...

New York State Gov. Andrew M. Cuomo has announced that Prospect Mortgage LLC has agreed to pay a $3 million penalty and deliver restitution to homeowners after a Department of Financial Services (DFS)...

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NY Gov. Cuomo to Propose Continued Mortgage Relief Options

New York State Gov. Andrew M. Cuomo has announced that his Administration is proposing to expand the mortgage relief options available to struggling ‘underwater’ homeowners, who owe more than the...

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