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robosigning

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Foreclosures in New York City rose 19 percent last year as filings fell nationally by 3 points, a new report says. Meanwhile, New York Attorney General Eric Schneiderman announced a meager $1.9 million settlement with a robosigning giant, reports Catherine Curan at the New York Post.

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Homeowner advocates and some lawmakers are upset that an $8.5 billion settlement with JPMorgan Chase, Bank of America, Wells Fargo and other banks over improper foreclosures would let lenders off the hook both financially and legally.

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