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.
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
New Law Makes the Rules regarding Welfare Mortgages Clear and Provides Transparency and Accountability
The 2014-15 New York State budget contains Article VII legislation that amends SSL 106 to clearly state that HEAP, child care and SNAP cannot be charged against welfare mortgages. Read More
Task force aims to combat damage of vacant property
Vacant and abandoned properties attract crime, fall into disrepair and put an incredible strain on municipalities that are left to deal with significant property code violations. These properties have negative equity impact on each and every property around them.
New York Attorney General Examining Private Equity Firm’s Mortgage Business
The rapid growth of Caliber Home Loans, a mortgage company owned by the private equity giant Lone Star Funds, has led to a surge in consumer complaints. Now it has led to regulatory scrutiny of Caliber’s business practices. Read More
Report: Bank policies worsen foreclosure crisis in areas
A new report claims certain communities may be suffering more from the foreclosure crisis because of bank policies. Read More
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
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
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.
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.
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.
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…
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