A new state law meant to combat the blight of "zombie" homes across New York lacks effective enforcement to hold banks accountable for actually maintaining the properties on Staten Island.
Mortgage holders could see their security interest wiped out if a borrower in Texas or Nevada gets a property tax loan where the lien has priority over the first mortgage.
Walter Investment Management Corp. is in danger of having its stock delisted from the New York Stock Exchange as its average market capitalization remains below required minimums.
Defaults on second-lien mortgages have crept up on a year-to-year and a consecutive-month basis; and first-lien defaults are above where they were the previous month, but still below year-ago levels.
A Lexington, Ky., man was sentenced Monday to five months in prison for conspiracy to commit wire fraud and making false statements to a federal agency after he was paid for home appraisals he didn't do.
