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Foreclosure Prevention

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Did you know that if homeowners are struggling with their mortgage and facing foreclosure, there are professional and FREE services available from local attorneys to help them understand the foreclosure process? The possibility of losing a home can be incredibly frightening, and at times overwhelming. The legal foreclosure process is a game with its own […]

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Why do borrowers and communities of color get FHA and other government-backed mortgage loans disproportionately more often than white borrowers and communities? This is the question I’ve been hearing and grappling with since the recent publication of our multi-state collaborative report “Paying More for the American Dream VI: Racial Disparities in FHA/VA Lending.” I, too, want […]

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Contact: Barbara van Kerkhove, (585) 454-4060 Leading community organizations, including Empire Justice Center, today report evidence of a two-tiered mortgage market characterized by high rates of government-backed loans made both to borrowers in communities of color and to minority borrowers in their new report, “Paying More for the American Dream VI: Racial Disparities in FHA/VA Lending.” […]

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This report examines systemic inequities in the mortgage market, as reflected in neighborhood lending patterns based on race and ethnicity. The authors analyzed 2010 Home Mortgage Disclosure Act (HMDA) data, and compared conventional and government-backed prime mortgage lending in seven U.S. cities, based on borrowers’ race and ethnicity and the racial and ethnic composition of […]

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New analysis of data from the Federal Reserve of New York shows that the foreclosure crisis in New York is far from over – and without legislative action to provide funding for the state’s “Foreclosure Prevention Services Program,” thousands of homeowners will have little help in saving their homes when foreclosure strikes. Funding for the […]

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Foreclosure Tsunami Will Hit New York Soon – Just as State’s Foreclosure Prevention Funding Runs Out New analysis of data from the Federal Reserve of New York shows that the foreclosure crisis in New York is far from over – and without legislative action to provide funding for the state’s “Foreclosure Prevention Services Program,” thousands […]

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