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Mortgage Lending & Foreclosure Prevention

Consumers are faced with a variety of decisions and challenges when considering obtaining a mortgage to purchase a home or refinancing their current mortgage. They are doubly pressed when life circumstances cause them to go into default and when they are facing the possibility of foreclosure and losing their home.

Empire Justice Center has been working for over a decade to help assure that consumers have access to affordable, responsible mortgages and that their rights are protected when in foreclosure. This section of the website has information on state and federal laws to protect consumers with respect to mortgages and foreclosures, Empire Justice Center reports on mortgage lending and the foreclosure crisis, as well as resources to help consumers in default or at risk of foreclosure.

 


 

ARTICLES

Restoring Neighborhoods: New York State’s 2016 Zombie Property and Foreclosure Prevention Act
On June 23, 2016, Governor Andrew Cuomo signed into law Chapter 73 of the Laws of New York 2016. The new act includes provisions and intentions that were part of several bills introduced throughout the session to address the zombie property and foreclosure crises in New York State. Read More

2014: Access to credit remains tight for people and communities of color
While we are 5 years into the recovery, a Center for Responsible Lending analysis of the just-released 2014 data shows that we are still not making enough progress. Read More

 


 

IN THE NEWS

Foreclosures down from 2015, but persistent in certain states
New foreclosure data out Thursday from research firm RealtyTrac show foreclosures are down, but there are still some rough spots. Read More


Empire Justice Center Statement on Governor Cuomo’s Signing of Ground Breaking Legislation to Improve Foreclosure Process and Address “Zombie” Properties
In a victory for communities across New York State that are still struggling to recover from the foreclosure crisis, both houses of the Legislature passed two pieces of legislation that, combined, will have a tangible impact on upstate and Long Island communities still struggling to recover from neighborhood blight caused by the recession and the foreclosure crisis. Read More


Limited English homeowners often face mortgage problems
Unnecessary foreclosures are among the dilemmas limited-English homeowners can face... Read More


POLICY ADVOCACY

Empire Justice Memo of Support: Improving Mortgage Foreclosure Settlement Conferences
This bill provides clarifying amendments to CPLR 3408, bringing the statute in line with the rules and practice of the courts. Read More


Empire Justice Testimony: 2016 NYS Joint Budget Hearing on Housing
Empire Justice Center's testimony submitted to the Joint Legislative Committees on the 2016 - 2017 Executive Budget proposal - housing. Read More



 


 

PUBLICATIONS

NYRL Report: Divergent Paths
Divergent Paths reveals wide variations in the implementation of foreclosure settlement conference rules. The wide variations in implementation have the potential to leave tens of thousands of New Yorkers at heightened risk of losing their homes. Read More

The Lingering Storm: Mortgage Lending Disparities on Long Island
The Lingering Storm: Mortgage Lending Disparities on Long Island examines mortgage lending, denial rates, and denial disparities in 2013. In an effort to combat our nation’s discriminatory housing policies, we offer several recommendations for policy makers at all levels of government. Read More

 


 

RESOURCES

Crime Victims Legal Network Project :
The Crime Victims Legal Network Project is a cutting edge, new federally-funded partnership between Empire Justice Center, the New York State Office of Victim Services, Pro Bono Net, and the Center for Human Services Research at the University at Albany. Read More

Welcome to the Foreclosure Guide :
This exciting and innovative new resource will help homeowners by providing a free, web-based, step-by-step guide through the foreclosure process, providing critical information that can help save their homes. Read More

Top Ten Ways The CFPB Can Help You With Financial Questions :
The U.S. PIRG Education Fund has put together this great resource of how the CFPB can help you. It includes information on how to make complaints to the CFPB. Read More

Tenants in Foreclosed Properties: What You Need to Know :
In New York, tenants have protections during and after a foreclosure. Read more to find out… Read More

TRAININGS AND EVENTS

New York's Foreclosure Process: From Standing to Settlement Conferences and Everything in Between
This presentation discusses and presents solutions to the procedural and substantive challenges in New York's Foreclosure Settlement Conference Process and updates practitioners on laws and regulations, legal issues, government programs, and resources to help homeowners facing foreclosure. Read More

Representing Homeowners at Mandatory Settlement Conferences
Mandatory settlement conferences are now an integral component to the foreclosure process for subprime loans. The governor has signed a new law that expands the settlement conferences to all residential loans. Pro Bono lawyers have been approved to represent homeowners for the limited capacity of these settlement conferences. This training addresses important considerations for lawyers willing to represent homeowners in this capacity. Read More

New Approaches to Stabilizing Homeowners and Communities in Western NY
This taped broadcast is geared towards housing counselors, legal services organizations, lenders, public officials, community-based organizations, and anyone who is concerned with the impact of the foreclosure crisis on homeowners and neighborhoods in the western part of the State. Discussion topics include information about housing counseling standards, specialized foreclosure trainings, State programs addressing the foreclosure issue, and successful approaches to reducing foreclosures, among other topics. Read More