Senate Passes Kerry-Gillibrand Amendment to Protect Renters in Foreclosure Crisis
Washington, D.C. - May 6, 2009 - (RealEstateRama) — An amendment by Senators John Kerry and Kirsten Gillibrand to protect renters from being thrown out of their homes after a foreclosure passed the Senate today as part of the larger housing bill, the Help Families Save Their Homes Act of 2009 (S. 896.) S. Amdt. 1036, the Protecting Tenants at Foreclosure Act, ensures that tenants and families nationwide have at least 90 days to find their next home if they are renting in a building that is foreclosed upon.
New Schumer Legislation Would Require HUD and Treasury to Help Restructure
WASHINGTON, DC - May 5, 2009 - (RealEstateRama) — Today, U.S. Senator Charles E. Schumer unveiled new legislation that would require the Department of Housing and Urban Development and the Treasury Department to draw up a plan to ensure major affordable housing complexes in New York City and across the country do not default on their mortgages and send those properties into a state of total disrepair. More than 60,000 units in New York City are now in buildings in danger of foreclosure.
Mayor Bloomberg Announces Federal Stimulus Funding for Community Development Projects in All Five Boroughs
New York, NY - May 3, 2009 - (RealEstateRama) — Mayor Michael R. Bloomberg today announced community development projects and programs that will benefit from more than $48 million of federal stimulus funding received under the American Recovery and Reinvestment Act (ARRA), signed by President Obama in February.
Governor Paterson Urges New York Congressional Delegation To Raise Loan Ceiling On FHA-Insured Multifamily...
Albany, NY - April 30, 2009 - (RealEstateRama) — Governor David A. Paterson today sent a letter to the members of the New York State Congressional Delegation, urging them to bolster New York’s affordable housing efforts by supporting an increase in the multifamily mortgage loan limits used by the Federal Housing Administration (FHA) in high-cost areas.
THOMPSON: AFTER TWO YEARS, MORE THAN 4,600 HOMEOWNERS CALL FORECLOSURE INTERVENTION HELPLINE
New York, NY - April 27, 2009 - (RealEstateRama) — As the subprime crisis continues to intensify, New York City Comptroller William C. Thompson, Jr. today announced that 4,658 individuals and families have called his Foreclosure Intervention Helpline to ask for help to avoid losing their homes.
State Housing Commissioner Warns: Don’t be Fooled by Foreclosure Rescue Rip-offs
Albany, NY- April 24, 2009 - (RealEstateRama) — More than 90 foreclosure prevention counselors and legal service providers gathered today to discuss the progress of their efforts to provide free assistance to troubled homeowners facing default.
New York Total Foreclosure Activity Decreased in First Quarter While National Filings Increased
New York, N.Y. - April 22, 2009 - (RealEstateRama) — The New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the first quarter ending March 31, 2009. According to RealtyTrac there were foreclosure filings on 11,017 properties in New York during the first quarter, representing a 23% decrease compared to the first quarter of last year and a 32% increase over the previous quarter.
Governor Paterson Announces $59 Million to Assist Communities Affected by Foreclosure and Subprime Crises
New York, NY - April 14, 2009 - (RealEstateRama) — Governor David A. Paterson today announced the award of $59 million in Neighborhood Stabilization Program (NSP) grants to assist communities affected by the foreclosure and subprime mortgage crises.
Commissioner VanAmerongen Visits Buffalo to Announce Free Foreclosure Prevention Help for Western NY Homeowners
Albany, NY - March 26, 2009 - (RealEstateRama) — DHCR Commissioner Deborah VanAmerongen was in Buffalo last week to discuss DHCR's role in addressing the foreclosure crisis in Western New York and to kick-off the first in a series of regional meetings across the state with housing industry professionals and advocates involved in assisting homeowners under New York's $25 million Subprime Foreclosure Prevention Program.
Congressional Oversight Panel Releases Oversight Report on Foreclosure Mitigation
WASHINGTON, D.C. - March 6, 2009 - (RealEstateRama) — The Congressional Oversight Panel released its March Oversight Report, The Foreclosure Crisis: Working Toward a Solution. Like the crisis in the banking system, the foreclosure problem has grown so large that it threatens the entire economy.
DHCR Helps Make Free Assistance Available to Homeowners at Risk of Foreclosure
Albany, NY - January 26, 2009 - (RealEstateRama) – Executive Deputy Commissioner Brian Lawlor participated in a press conference recently to announce the availability of free, quality foreclosure prevention counseling in the Capital Region and throughout the state.
New York Banking Department and RealtyTrac® Release Fourth Quarter and Full Year 2008 Foreclosure...
New York, N.Y. - January 25, 2009 - (RealEstateRama) – The New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the fourth quarter and full year ended December 31, 2008. According to RealtyTrac there were 8,366 properties with foreclosure filings in New York during the fourth quarter of 2008 and 50,032 during the full year 2008.
Governor Paterson Announces Federal Approval of State Plan to Distribute $54.5 Million in Funding...
Grants Will Help Buy, Renovate and Resell Foreclosed and Abandoned Properties throughout State
New York, NY - January 23, 2009 - (RealEstateRama) – Governor David A. Paterson announced that the U.S. Department of Housing and Urban Development
Mayor Bloomberg and Hud Secretary Preston Announce Federal Approval of $24 Million for New...
New York, NY- January 14, 2009 - (RealEstateRama) – Mayor Michael R. Bloomberg, United States Department of Housing and Urban Development (HUD) Secretary Steve Preston and City Council Speaker Christine C. Quinn today announced the approval of $24 million in emergency assistance to allow New York City to buy, renovate and resell foreclosed properties.
State has Provided More Than $2.3 Million to Assist Homeowners in Every Region New...
Albany, NY - January 2, 2009 - (RealEstateRama) – Governor David A. Paterson today announced $2.3 million in grants as part of New York’s ongoing efforts to address the subprime mortgage crisis in every county of the State.
NYS Housing Finance Agency Issues “Request for Proposals” for $64.5 Million in Grants to...
NEW YORK - December 17, 2008 - (RealEstateRama) – The New York State Housing Finance Agency (HFA) today issued a Request for Proposals to...
DHCR Commissioner Joins Mayor Bloomberg and Speaker Quinn to Announce Foreclosure Prevention Efforts
Albany, NY – December 12, 2008 - (RealEstateRama) – Commissioner VanAmerongen joined Mayor Michael R. Bloomberg, City Council Speaker Christine C. Quinn and members...
Mayor Bloomberg and Speaker Quinn Join the Center for NYC Neighborhoods to Award New...
New York City – December 11, 2008 - (RealEstateRama) – Mayor Michael R. Bloomberg, City Council Speaker Christine C. Quinn and Center for NYC...
SONYMA Receives $1.482 Million Federal Grant To Provide Foreclosure Prevention Counseling
NEW YORK, NY - December 10, 2008 - (RealEstateRama) – The State of New York Mortgage Agency (SONYMA) has received an additional Federal grant...
New York State Issues Plan to Distribute $54.5 in Federal Funds to Buy and...
NEW YORK, NY - November 7, 2008 - (RealEstateRama) – New York State today issued for public comment its draft plan for distributing $54.5 million in...
Event aims to keep Brooklyn residents in their homes
New York, NY - December 5, 2008 - (RealEstateRama) – In an effort to help residents of Brooklyn remain in their homes and prevent foreclosure,...
Clinton Encourages the Federal Deposit Insurance Corporation to Put Forward A Strong, Effective Foreclosure...
20 Percent of U.S. Mortgages are 'Under Water'Foreclosures Have Increased 71 Percent Since Last Year and Pose a Significant Threat to Home Prices, Communities...
Superintendent of Banks Renews Commitment to Upstate Areas Impacted by Foreclosures
New York, NY - October 30, 2008 - (RealEstateRama) — New York Superintendent of Banks, Richard H. Neiman, in a speech today at the Rural...
New York Banking Department and RealtyTrac® Release Foreclosure Data for Third Quarter 2008
New York, NY - October 30, 2008 - (RealEstateRama) — New York State Banking Department and RealtyTrac® released New York county-level foreclosure statistics for the period...
Specialized event assists the borough hit hardest by foreclosure
New York, NY - October 29, 2008 - (RealEstateRama) — In an effort to help residents of Queens remain in their homes and prevent...
