Foreclosure

MFY Demands Enforcement of National Mortgage Settlement

MFY joined more than 100 organizations in demanding that the Office of Mortgage Settlement Oversight enforce the national mortgage settlement’s servicing reforms and fair lending requirements and ensure transparency in banks’ reporting of consumer relief activities.

The Second-Mortgage Shell Game

In a February 18, 2013 Op-Ed in the New York Times, MFY Attorney Elizabeth M. Lynch reveals how flaws in government settlements with banks have failed to stem foreclosures and keep people in their homes.

Foreclosure Help for Korean Homeowners

MFY Legal Services, Inc. and the MinKwon Center will hold a workshop for Korean homeowners facing foreclosure or having difficulty in making mortgage payments on Tuesday, Feb. 19, from 7-9 pm at the MinKwon Center, 136-19 41st Avenue, 3rd floor, in Flushing. More information here.

Queens Hit with New Wave of Foreclosures

MFY foreclosure attorney Elizabeth Lynch comments in articles in the New York Post and The Queens Ledger on a new wave of foreclosures in Queens that is affecting middle-class homeowners who have fallen behind on mortgage payments due to loss of employment or other financial problems related to the poor economy.

Banks Refuse to Help Homeowners Devastated by Hurricane Sandy

Attorneys from MFY Legal Services and South Brooklyn Legal Services who are assisting Hurricane Sandy victims found that many banks are refusing to offer their customers any kind of meaningful mortgage relief, severely hampering their ability to rebuild their homes and stabilize their lives. The Huffington Post explores the issue.

MFY Calls for Stronger Homeowner Protections

MFY joined New Yorkers for Responsible Lending in calling upon the Consumer Financial Protection Bureau to adopt stronger rules governing mortgage servicers to better protect homeowners facing foreclosure.

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