2013-06-04 — mortgagenewsdaily.com
``The investigation of HSBC and its subsidiary, the New York AG's office said, showed they "repeatedly failed to timely file the RJI in hundreds of foreclosure cases against New York homeowners, increasing the risk that those homeowners would lose their homes. A sampling of HSBC foreclosure filings from four counties -- Erie, Monroe, Suffolk and Bronx -- identified close to 300 instances where HSBC failed to file the RJI with the proof of service." In some of those cases it is alleged that, homeowners waited for over two years for HSBC to file the RJI while the bank continued to charge interest and assess fees and penalties, adding thousands of dollars to what the homeowner owed. Those additional charges also put homeowners at greater risk that they could not qualify for a loan modification. ''
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