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NY Attorney General Eric Schneiderman Says State Was Incubator for Foreclosure Fraud

Monday, January 30, 2012

The New York state Attorney General said he sees his role on a new anti-mortgage fraud task force as a way to bring those firms that acted improperly to justice.

Speaking on MSNBC Sunday, Eric Schneiderman โ€” who was appointed to the role by President Barack Obama โ€” said it makes sense the state's attorney general would play a major role in these probes, since New York was an incubator for the fraud that caused the explosion in foreclosures.

"Every mortgage-backed security issued in the last decade was either a New York trust or a Delaware trust," Schneiderman said on MSNBC.

He said he feels especially qualified for his appointment since he spent 15 years in a corporate law firm representing huge financial institutions like Merrill-Lynch.

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Comments [2]

Eugenia Renskoff from Brooklyn, NY

Hi, Whoever is in charge of the investigations, there has to be justice for us borrowers who lost so much because of mortgage fraud, predatory lending and foreclosure. Eugenia Renskoff

Jan. 31 2012 02:04 PM
philip serlin

I have a mortgage American Home Mortgage Servicing Inc the interest rate I pay is 10.99%. I started the modification in July 2011 it took them until October 2011 with papers that they lost that I had to resend they turned me down for a Modification stating I could afford to pay the 10.99% not evan an offer. On July 17 2011 the company I was working for went out of business, I called AHMSI and told them I would not be able to make my payment for July but starting in August I will send my payment plus $200.00 to300.00 extra until the month was caught up they agreed and I asked they not mark late because I was forth coming they agreed. I now have in a suspense account at AHMSI $1246.00 and they have marked me late every month. I know by them marking me late I can not go to any other mortgage company because they see all the late payments this is there way of holding me hostage at 10.99%. Please advise if you can help me or send me to right department Than you philip Serlin

Jan. 31 2012 12:47 PM

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