Mortgage buyback program appears to help SE Queens (Times Ledger)
A program created to buy back distressed mortgage notes held by the federal government that was championed by southeast Queens lawmakers is seeing promising results thus far, according to testimony at a City Council oversight hearing. (Original article in Times Ledger)
New York State Homeowner Protections Will Help Victims of Scams
UPDATE: Gov. Andrew Cuomo signed the legislation Aug. 14, 2019, expanding protections for deed theft victims, as well as other measures that further safeguard homeowners. “These measures enact sweeping protections for homeowners and close loopholes in order to level the playing field and preserve the American Dream for New Yorkers in every part of this […]
Advocates Urge Governor Cuomo to Continue Endangered Funding That Helps Keep New Yorkers In Their Homes
No Funding to Continue Nonprofit Housing Counseling and Legal Services in Executive Budget Statement from the Communities First coalition in response to Governor Cuomo’s executive budget address: “For New York homeowners, there was one devastating omission in Governor Cuomo’s executive budget: funding to continue essential, free nonprofit housing counseling and legal services to New Yorkers […]
Critical New Funding Will Help Finance Home Repairs in NYC
The housing stock in East New York is old, with nearly half of the buildings in the neighborhood constructed before 1947. For homeowners, the aging structures mean more repairs, and often more costly repairs. For senior homeowners living on fixed incomes or owners whose modest take-home pay is swallowed by their monthly expenses, these repair […]
Protecting Senior Homeowners from Reverse Mortgage Foreclosure: A Policy Brief
Reverse mortgages allow homeowners 62 and older to tap into their home equity while remaining in their homes. This product is a useful and necessary resource for many senior homeowners with incomes that are insufficient to cover their living expenses. In ideal cases, reverse mortgages are not due and payable until the borrower dies or […]
AGScamHelp
We created HomeownerHelpNY.com in partnership with the New York State Attorney General to assist homeowners in finding free, qualified mortgage assistance relief services from a network of trusted partners operating across the state under the New York Attorney General Homeowner Protection Program (HOPP). We are dedicated to alerting homeowners like you about foreclosure rescue scams […]
New York State Mortgage Assistance Program
The New York State Mortgage Assistance Program provides 0% interest mortgage loans of up to $40,000 to eligible New York homeowners at risk of foreclosure. Who administers the program? The New York State Mortgage Assistance Program is administered by the Center for NYC Neighborhoods, a non-profit organization that promotes and protects affordable homeownership. Loans are […]
The future of foreclosure relief after the end of Obama’s signature mortgage relief effort
Housing counselors and advocates worked late into the evening on Dec. 30, 2016, helping homeowners meet the midnight deadline to apply for the Obama administration’s signature foreclosure crisis era mortgage relief program. Although it is not immediately clear how many homeowners beat the rush, what is clear is that the future of foreclosure assistance for […]
Goldman Sachs’ $5 billion settlement to expand help to NY homeowners
New York homeowners will be able to tap into expanded financial assistance after Goldman Sachs agreed to a $5 billion settlement over its past lending practices leading up to the Great Recession with a mortgage working group led by New York Attorney General Eric Schneiderman. Hundreds of millions of dollars in settlement funds will be […]