realestate

New York Judge Awards $72M in Multifamily Foreclosure Settlement

New York judge orders borrowers to pay $72.4 million for defaulting on Fannie Mae multifamily loans.

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New York federal judge has ordered a group of borrowers to repay over $72.4 million to Fannie Mae, following allegations that they defaulted on multifamily loans tied to 12 properties. The ruling marks a significant victory for the government-sponsored enterprise, which had taken action against the borrowers for failing to meet their loan obligations.

New York Judge awards $72 million in multifamily foreclosure settlement verdict.