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Focus Put on Foreclosure.
Washington -- High foreclosure rates in low-income neighborhoods are prompting community development organizations to become more active in foreclosure prevention and working with lenders and servicers to help troubled borrowers.
Neighborhood Housing Ser-vices organizations in Chicago and New York have developed foreclosure prevention and intervention programs that involve partnerships with local lenders and government agencies.
NHS of Chicago started its partnership program called the Home Ownership Preservation Initiative Act in October 2003 in response to rising foreclosure rates.
By the end of 2004, the HOPI partners had saved over 650 families from foreclosure and it has become a model for foreclosure prevention and preserving neighborhoods.
NeighborWorks America, a federal government-funded organization, and Federal Reserve district banks are holding workshops for the mortgage lenders, state and local governments and community development organizations to highlight the success of the Chicago program.
The first workshop was held in Columbus, Ohio, and a second is slated for May 23 in Atlanta, as MSN went to press.
Federal banking regulators, such as the Office of the Comptroller of the Currency, are encouraging lenders to participate in these partnerships.
- New York aiding foreclosure prevention.
- Magazine article from: Daily Record (Rochester, NY) September 26, 2008 700+ words
...for Wall Street, some Western New York agencies are celebrating state...state banking department to support foreclosure prevention projects. Rochester's Housing...will collaborate with Western New York Law Center to expand public awareness...
- Foreclosure prevention grant given.
- News wire article from: The America's Intelligence Wire August 6, 2008 700+ words
...part of a foreclosure prevention program run by the Western New York Law Center...impact of foreclosure prevention benefits not...the Western New York Law Center...its existing foreclosure prevention program...
- Comptroller launches new foreclosure prevention helpline.(FINANCE)
- Magazine article from: Real Estate Weekly May 9, 2007 700+ words
New York City Comptroller William...this week launched a Foreclosure Prevention Helpline to assist New...Many homeowners around New York City may be facing foreclosure...of great consequence in New York City. Like the rest of...
- Experts laud free foreclosure prevention program.
- News wire article from: The America's Intelligence Wire March 19, 2009 700+ words
...community renewal, talked about New York's $25 million foreclosure prevention program. She lauded the effort...supervising attorney for the Western New York Law Center called the foreclosure prevention program an "extraordinary effort...
- Working Toward State/Local Foreclosure Prevention.
- Magazine article from: National Mortgage News January 28, 2008 700+ words
...are taking action and passing foreclosure-prevention legislation. The National...in New Jersey, Michigan and New York. A recent survey from NACEDA...has one of the strongest new foreclosure prevention laws to protect and preserve...
- Genworth: Most Foreclosure Prevention Succeeds.
- News wire article from: Mortgage Line Dymi, Amilda September 29, 2008 700+ words
...in the Genworth quarterly Foreclosure Prevention Scorecard report, which...through reports like this foreclosure prevention scorecard that MIs do provide...North Carolina, Michigan, New York and Indiana. Nationwide...
- Genworth: Most Foreclosure Prevention Succeeds.(Managing REO)
- Magazine article from: Mortgage Servicing News September 1, 2008 700+ words
...in the Genworth quarterly Foreclosure Prevention Scorecard report, which...through reports like this foreclosure prevention scorecard that MIs do provide...North Carolina, Michigan, New York and Indiana. Nationwide...
- Loan Modification, Save House from Foreclosure, Mortgage Loan Modification...
- Press release article from: M2 Presswire March 26, 2009 700+ words
...behind on mortgage payments, foreclosure prevention and assistance, help stop foreclosure...We provide mortgage help and foreclosure prevention assistance by matching you up with...behind on mortgage payments, foreclosure prevention and assistance, mortgage loan...
- National Urban League and Homeownership Preservation Foundation Join Forces to...
- Press release article from: Business Wire May 10, 2006 700+ words
MINNEAPOLIS & NEW YORK -- The National Urban League and...three-year period to provide free foreclosure prevention counseling and education focused...Urban League, headquartered in New York City, spearheads the non-partisan...
- Video: The Advertising Council and NeighborWorks(R) America Launch National PSA...
- Press release article from: PR Newswire June 26, 2007 700+ words
NEW YORK, June 26 /PRNewswire/ -- The Advertising...hotline that is the cornerstone of a foreclosure prevention effort involving many of the country...largest independently held agency in New York, with billings in excess of $1 Billion...
Source: HighBeam Research, Focus Put on Foreclosure.