NY suing Wells Fargo in mortgage crisis settlement - FOX 26 News | MyFoxHouston

NY suing Wells Fargo in mortgage crisis settlement

Posted: Updated:
By MICHAEL GORMLEY
Associated Press

ALBANY, N.Y. (AP) - New York's attorney general says he's suing Wells Fargo to force compliance with terms of last year's national mortgage case settlement.

Attorney General Eric Schneiderman also says he's dropping a similar action against Bank of America, which has agreed to reform its lending system.

The settlement of charges of improper lending practices sets standards that prohibit lenders from pursuing foreclosures while negotiating loan modifications. The standards require the banks to acknowledge refinancing applications in writing within three business days, notify borrowers of any missing documents within five days and make decisions on complete applications within 30 days.

Schneiderman said Tuesday the settlement has brought relief to thousands of New York homeowners during the housing crisis and recession.

Wells Fargo says it remains committed to the national settlement.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Your MoneyMore>>

  • Bed bug infestation at money firm PIMCO, report says

    Bed bug infestation at money firm PIMCO, report says

    Wednesday, August 20 2014 6:55 PM EDT2014-08-20 22:55:02 GMT
    A big money management firm in New York City has been hit with a major infestation of bed bugs, according to Fox Business Network. Stock traders who do business with Pacific Investment Management Co., better known as PIMCO, told Fox Business' Charles Gasparino that hundreds of people have been relocated from one of the firm's buildings in New York City to an undisclosed upstate location after reports of widespread bed bug bites among executives and employees.
    A big money management firm in New York City has been hit with a major infestation of bed bugs, according to Fox Business Network. Stock traders who do business with Pacific Investment Management Co., better known as PIMCO, told Fox Business' Charles Gasparino that hundreds of people have been relocated from one of the firm's buildings in New York City to an undisclosed upstate location after reports of widespread bed bug bites among executives and employees.
  • Five Guys offers bacon milkshakes

    Five Guys offers bacon milkshakes

    Wednesday, August 20 2014 6:47 PM EDT2014-08-20 22:47:08 GMT
    Burger chain Five Guys is testing the adage that everything tastes better with bacon. It is rolling out a customizable milkshake program and along with bananas, peanut butter, Oreo cookies, salted caramel, you can chose bacon.  Yes that's right: a bacon milkshake.
    Burger chain Five Guys is testing the adage that everything tastes better with bacon. It is rolling out a customizable milkshake program and along with bananas, peanut butter, Oreo cookies, salted caramel, you can chose bacon.  Yes that's right: a bacon milkshake.
  • Designer clothes at giant thrift shop in NJ

    Designer clothes at giant thrift shop in NJ

    Wednesday, August 20 2014 5:57 PM EDT2014-08-20 21:57:04 GMT
    Like most soon-to-be third graders, Sonja knows what she's looking for when it comes to back-to-school shopping. For kids trying to be fashionable -- and parents looking to keep it affordable -- there's the Ocean County Hunger Relief Warehouse in Toms River, New Jersey. It's basically a huge thrift shop.
    Like most soon-to-be third graders, Sonja knows what she's looking for when it comes to back-to-school shopping. For kids trying to be fashionable -- and parents looking to keep it affordable -- there's the Ocean County Hunger Relief Warehouse in Toms River, New Jersey. It's basically a huge thrift shop.
  • LocalMore>>

  • Community Leaders Fighting Excavation of Historic Paving in Freedmen's Town

    Community Leaders Fighting Excavation of Historic Paving in Freedmen's Town

    Thursday, August 21 2014 12:00 AM EDT2014-08-21 04:00:05 GMT
    g
    g
  • Notorious killer who threatened to kill jury up for parole

    Notorious killer who threatened to kill jury up for parole

    Wednesday, August 20 2014 10:53 PM EDT2014-08-21 02:53:07 GMT
    One of Houston's most notorious killers could be freed if parole board members decide he's ready to be released.The former death row inmate's nickname is the animal and some believe he's a perfect example why a state law regarding parole needs to be changed.Randy Wallace has this only on Fox report.
    One of Houston's most notorious killers could be freed if parole board members decide he's ready to be released.The former death row inmate's nickname is the animal and some believe he's a perfect example why a state law regarding parole needs to be changed.Randy Wallace has this only on Fox report.
  • Assistant special needs softball coach charged with aggravated sexual assault of a child

    Assistant special needs softball coach charged with aggravated sexual assault of a child

    Wednesday, August 20 2014 9:50 PM EDT2014-08-21 01:50:55 GMT
    It's a story that makes your mouth drop.. A once trusted coach turns in to an alleged pedophile.69 year old Warren Doyle is anassistant softball coach on a special needs softball team.He is charged with two counts of aggravated sexual assault of a child. According to Baytown police, the victim's parents reported their daughter, who plays on the team Doyle coaches, had been sexually assaulted multiple times by Doyle.The child has been playing for the special needs team for about four years. Ac...
    It's a story that makes your mouth drop.. A once trusted coach turns in to an alleged pedophile.69 year old Warren Doyle is anassistant softball coach on a special needs softball team.He is charged with two counts of aggravated sexual assault of a child. According to Baytown police, the victim's parents reported their daughter, who plays on the team Doyle coaches, had been sexually assaulted multiple times by Doyle.The child has been playing for the special needs team for about four years. Ac...
Powered by WorldNow

KRIV FOX 26
4261 Southwest Freeway
Houston, TX 77027

Phone: (713) 479-2801
Fax: (713) 479-2859

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices