New York State’s Foreclosure Prevention Services Network urges the New York State Senate and Assembly to work together with Governor Andrew Cuomo to allocate funding to ensure the survival of an effective and highly trained network of housing counselors and legal services providers that help families stay in their homes, help seniors avoid foreclosure due to reverse mortgages and give teeth to the comprehensive foreclosure reforms the Governor led last year. (more…)
NEW YORK — JPMorgan Chase said Wednesday that it had agreed to settle a federal lawsuit accusing the bank of working with mortgage brokers who discriminated against minority borrowers for years by charging them $1,000 more than white customers. (more…)
National Fair Housing Alliance Statement on the Hearing and Testimony of Dr. Ben Carson, Secretary-Designate for the U.S. Department of Housing and Urban Development
The fair housing community is more hopeful today about U.S. Department of Housing and Urban Development‘s (HUD’s) continued support of fair housing after hearing the testimony of Dr. Ben Carson before the Senate Committee on Banking, Housing, and Urban Affairs. Prior to today’s testimony, Dr. Carson had expressed views that seemed to disparage the disparate impact doctrine and the Affirmatively Furthering Fair Housing provision of the Fair Housing Act, two fundamental elements of fair housing law. Those views left many wondering if he would be willing to fully enforce the Fair Housing Act. (more…)
The U.S. Department of Housing and Urban Development (HUD) announced that it has charged Bank of America, N.A., and two of its employees with violating the Fair Housing Act by discriminatory lending practices against prospective Hispanic mortgage borrowers in Charleston, South Carolina. (more…)
CFPB: Credit Reporting Companies Misstated the Cost and Usefulness of the Credit Scores and Products They Sold, Lured Consumers into Costly Recurring Payments
The Consumer Financial Protection Bureau (CFPB) took action against Equifax, Inc., TransUnion, and their subsidiaries for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The companies also lured consumers into costly recurring payments for credit-related products with false promises. The CFPB ordered TransUnion and Equifax to truthfully represent the value of the credit scores they provide and the cost of obtaining those credit scores and other services. Between them, TransUnion and Equifax must pay a total of more than $17.6 million in restitution to consumers, and fines totaling $5.5 million to the CFPB. (more…)
IRS: The notice provides guidance on the applicability of section 108(a)(1)(E)(ii) to the Federal Housing Finance Agency‘s PRMP or HAMP programs. The notice concludes that if a mortgage servicer sends a borrower-homeowner a notice in conjunction with a written trial period plan or opt-out letter under PRMP or HAMP prior to January 1, 2017; the borrower-homeowner satisfies the trial period terms and conditions; and a permanent modification of the qualified principal residence indebtedness occurs on or after January 1, 2017, the discharge of indebtedness meets the requirements of section 108(a)(1)(E)(ii). (more…)
New Yorkers for Responsible Lending (NYRL), a statewide coalition of more than 180 consumer protection and fair lending groups, reaffirmed its commitment to the goal of financial justice for all New Yorkers and pledged to be a “firewall” against any federal backsliding on consumer financial protection, fair lending and marketplace oversight under the Trump administration. Long Island Housing Services, Inc. (LIHS) is a member of the executive board of NYRL. (more…)
A.G. Schneiderman Announces Additional $20 Million For Homeowner Protection Program, Plus New Grant Program To Prevent Foreclosure Rescue Scams, Funded Through Bank Settlements
A.G. Schneiderman Offers Tips For New Yorkers To Avoid Foreclosure Rescue Scams: Visit AGScamHelp.com To See If Company Is Verified; Call A.G. Helpline At 1-855-HOME-456
The Fair Housing Investigator will be responsible for assisting in developing and implementing Long Island Housing Services’ private fair housing enforcement activities in conjunction with other Private Fair Housing Enforcement Program staff. Experience in interviewing, advocacy, investigations, public presentations, paralegal, and bilingual skills are desirable. Posted 12/14/16. Read more.
Long Island Housing Services seeks to fill an immediate vacancy for ONE (1) licensed New York State Attorney. The Attorney will advocate and provide legal services for homeowners who are in jeopardy of foreclosure in their primary residence. Posted 12/13/16 Read more.