Tag Archive | "NY Banking Department"

NY Banking Department Issues New Regulations for Mortgage Servicers

Monday, August 23, 2010


By: Heather Hill Cernoch In its efforts to protect homeowners and avoid another mortgage and foreclosure crisis, the New York State Banking Department has issued new rules regarding the business practices of mortgage loan servicers. The regulations, which go into effect October 1, implement provisions from 2008’s Mortgage Lending Reform Law to create consumer protections […]

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