Last week I had the opportunity to participate in “Locked Out: What Losing Fannie, Freddie, and the Affordable Housing Goals Will Mean for the American Dream.” Responding to renewed interest in reforming America’s federal housing finance system, the forum, hosted by the National Community Reinvestment Coalition, delivered a spirited and informative conversation about the future […]
Take a look at the Center’s comments below on a recent New York Times DealBook article. The Center will continue to work with our partners and elected officials to protect New York City homeowners and our neighborhoods. **** New York, NY – A recent article in the New York Times’s DealBook highlights a […]
New York City homeowners continue to recover from the foreclosure crisis, but scammers remain a persistent and worrisome roadblock. Scammers (like the one profiled in this New York Times article) make promises to homeowners they can’t possibly keep, like guaranteeing a refinance, in order to trick people into paying for services up-front. That’s against the […]
On January 10, 2014, the long-awaited Consumer Financial Protection Bureau (CFPB) mortgage servicing rules went into effect. Advocates and homeowners welcome these necessary protections and are hopeful the new rules will ease confusion for homeowners and advocates pursuing loss mitigation options. The new rules will mean fewer homeowners needlessly placed into foreclosure and greater assistance […]
Neighborhood Housing Services (NHS) of East Flatbush recently highlighted the Center and our MAP program in their Winter 2013 newsletter. NHS client and homeowner, Shonvelle Douglas, provides a moving testimony detailing her foreclosure experience and how MAP funds helped her and her family in their time of need. You can check out Shonvelle’s story and the […]
Meredith Nissenbaum, this post’s author, is completing her internship at the Center for New York City Neighborhoods today. We wish her the best of luck with the rest of her school year at Dartmouth College! The Center for NYC Neighborhoods strives to promote and protect affordable homeownership in neighborhoods across New York City. In […]
Yesterday, Governor Andrew M. Cuomo and Benjamin M. Lawsky, the Superintendent of the Department of Financial Services, announced a proposal that would authorize shared appreciation mortgage modifications for New Yorkers. And there was more exciting news later in the day: Representative Mel Watt was confirmed by the Senate as the new director of the Federal […]
Center for New York City Neighborhoods Executive Director Christie Peale stands with New York State Attorney General Eric T. Schneiderman at the November press conference announcing a $13 billion settlement with JPMorgan Chase. The Center for New York City Neighborhoods was proud to stand with Attorney General Eric T. Schneiderman and Jennifer Ching, Project […]
As New York City homeowners continue the costly recovery from Hurricane Sandy, The Center remains committed to delivering resources to assist those most in need. For New Yorkers who are having difficulty with their mortgage payments, the Mortgage Assistance Program (MAP) is one potential source of financial assistance. MAP makes loans of up to $25,000 […]
Last year, New York Attorney General Eric Schneiderman launched the Homeowner Protection Program (HOPP), a three year, $60 million commitment by the Office of the Attorney General to fund and support housing counselors and legal services providers assisting homeowners at risk of foreclosure. As the administrator and manager of HOPP in New York City, The Center has […]
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