New York State Banking Department has STOPPED ALL Foreclosures in the State! Not waiting for banks to stop themselves!

NOW, When are ALL the States going to do this?  New York State Banking Department STOPPED ALL FORECLOSURES IN THE STATE!

Notice in the article it says SERVICERS!!  Get it?  SERVICERS Are Foreclosing on People NOT the Owners/Holders of the Mortgage!  Right there is the Problem - THE SERVICER DOES NOT OWN THE MORTGAGE!  Over and Over again the articles SAY what the problem is and it is NOT paperwork irregularities - It is Servicers Foreclosing on people and having to create fraudulent paperwork to do so!  It is a Circle of FRAUD!

Article:

The N.Y. State Banking Department has suspended home foreclosure actions by mortgage loan servicers, requiring that they conduct internal reviews of their foreclosure practices. 

The servicers were also asked to respond to the Banking Department on the following issues:  the steps the servicer is taking or has taken to review the foreclosure process in New York; the results of the review, including a description of the process for verifying affidavits;  the corrective action, if any, the servicer has taken or intends to take in response to the review; the measures taken to ensure that affidavits filed in New York foreclosure actions are executed in compliance with New York law; and  the status of pending foreclosure actions in New York and measures taken to suspend such actions pending review.

The N.Y. Banking Department joins 47 state attorneys general and 37 banking and mortgage regulators as part of a multi-state group that is investigating the foreclosure practices of mortgages servicers throughout the country.