fair housing
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Testimony before NYC Community Investment Advisory Board on Assessment of Banking Services Needs in NYC
New Economy Project presses NYC Community Investment Advisory Board to collect and make public data on a wide range of banks’ activities, as banks have a very poor track record of serving New York City communities, particularly communities of color.
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Small Loans, Big Impact
In 2008, at the peak of the foreclosure crisis, New Economy Project launched a foreclosure prevention loan fund that over the next five years helped almost 400 low-income New Yorkers avert foreclosure and keep their homes.
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Comment Letter to NYS Department of Financial Services, on Regulation of Force-Placed Insurance
New Economy Project and 24 members of New Yorkers for Responsible Lending urge the New York State Department of Financial Services to adopt strong rules addressing pervasive force-placed insurance abuses.
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Comment Letter to Federal Housing Finance Agency, on Proposal to Raise Mortgage Fees for New Yorkers
New Economy Project and members of New Yorkers for Responsible Lending submit letter in opposition to FHFA plan, which would raise mortgage guarantee fees in NYS and other states with strong consumer protections.
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New York Post: Mortgage Crisis Pickets Hit Midtown
New York Post — Manhattan’s residential real-estate scene is roaring back — but don’t look across the river. The shadow of the foreclosure crisis is fading fast in tony enclaves like the Upper East Side, where home prices spiked 36 percent in the first quarter.
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Maps: Mortgage Lending Disparities in NYC
Maps show stark inequities in mortgage lending based on race, as banks continue to deny fair access to conventional mortgages in black and Latino neighborhoods.
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Wall St. Journal: What J.P. Morgan’s $13 Bln Settlement Means for Neighborhoods, Struggling Homeowners
Wall Street Journal: Market Watch — The government wants J.P. Morgan Chase & Co., chastened by this week’s record-breaking settlement with the Justice Department, to focus on helping borrowers and neighborhoods that are struggling the most.
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Wall St. Journal: New Loan Rules Set as Complaints Linger
Wall Street Journal — More than a year after five large banks agreed to pay $25 billion and improve their foreclosure practices, the lenders are facing fresh criticism for failing to live up to their end of the bargain.
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NY Times: Awaiting Foreclosure Relief
New York Times — Legislation in New York awaiting the governor’s signature would prevent lenders’ lawyers from leaving homeowners facing foreclosure in a state of legal suspense.
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NY Daily News: Community Groups Urge Gov. Cuomo to Quickly Sign a Bill That Would Spare New Yorkers from Foreclosure
New York Daily News — Dear Gov. Cuomo: Please sign this bill so that more New Yorkers won’t lose their homes in foreclosure.