Governor Paterson Signs Comprehensive Foreclosure Legislation into Law
Strengthens Protections for Homeowners, Tenants and Neighborhoods
December 15, 2009
Governor David A. Paterson today signed into law comprehensive foreclosure legislation which provides additional critical protections for New York State homeowners, tenants and neighborhoods in the wake of the ongoing foreclosure crisis. Read More

State Legislature Addresses Mortgage Foreclosure Crisis and Subprime Lending Abuse
August 1, 2008
On August 5, 2008, Governor Paterson signed into law comprehensive legislation that the New York State Legislature had passed in June, referred by some as the Foreclosure Prevention and Responsible Lending Act. The law provides assistance to homeowners with high-cost, subprime and non-traditional home loans who are in danger of losing their homes. Read More

Empire Justice Center and the Subprime Mortgage Crisis
December 1, 2007
Empire Justice Center has been at the forefront of local and statewide advocacy efforts to address the current subprime and non-traditional mortgage lending foreclosure crisis. Read More

$325 Million Settlement with Ameriquest Mortgage Company
What It Means for New York Homeowners
December 1, 2006
Subprime mortgage lending, or lending to borrowers with damaged credit, has faced increased regulatory scrutiny in the last three to five years as the government has tried to prevent lenders from preying on borrowers. This sector of the lending industry, which mushroomed in the early 1990s with investment money from Wall Street, has allowed many borrowers to get loans that would not have been possible twenty years ago. However, it has also created opportunities for abusive lending practices. Read More