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News stories tagged with "mortgage"

There's still a lot to do to address mortgage crisis, Schneiderman says

State Attorney General Eric Schneiderman says the $25 billion national settlement on the foreclosure crisis reached last week is a "down payment," on what he believes banks owe foreclosed homeowners. And he says there's a lot still to do, including civil and criminal prosecutions.

Schneiderman says New York mortgage-holders could see their debt cut by more than $700 million less, under the settlement.

The deal applies to Bank of America, JP Morgan Chase, Wells Fargo, Citibank and Ally Financial. Martha Foley has more.  Go to full article
We’ve got to make sure...we get a much more significant package of relief for homeowners when that investigation is concluded.

NY State Attorney General: Mortgage settlement is just a start

New York State Attorney General Eric Schneiderman says mortgage-holders in the state could end up owing more than $700 million less, under the terms of a new $25 billion settlement between states and five of the nation's biggest lenders. Nora Flaherty has more:  Go to full article

Home foreclosure worries grow in North Country

The North Country has managed to dodge the worst parts of the home-mortgage crisis that has devastated the country's economy. Foreclosures in this region haven't spiked as they have in other parts of the country. But some real estate experts say the souring economy and the growing number of lay-offs has begun to hit more homeowners. Brian Mann has our story.  Go to full article

Making homes in the Adirondacks affordable

A newly renovated home in North Creek was donated to the Adirondack Community Housing Trust this week. The housing trust program was formed over the past year with the help of a $1 million state budget allocation from Senator Betty Little. It's one of about 200 such housing trusts around the country, including the Champlain Housing Trust in Vermont. The trust offers funding for homebuyers in exchange for an agreement to cap the resale price of the house. ACHT Executive Director Alan Hipps told Todd Moe that there's a growing demand for affordable housing because most people's income is not increasing at the same rate as home prices. For more information: 518-873-6888.  Go to full article

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