Tampilkan postingan dengan label sub-prime mortgages. Tampilkan semua postingan
Tampilkan postingan dengan label sub-prime mortgages. Tampilkan semua postingan
Minggu, 15 Mei 2011
Kamis, 21 April 2011
Protesters to Bank of America: Pay Your Taxes
On April 15, in the run up to this year's Tax Day, hundreds of protesters descended on a Bank of America branch in Union Square, New York City. They demanded that big banks start paying their fair share of taxes and stop foreclosures, and they also called for the government to break up banks that are "too big to fail." Around fifty people entered the lobby of a nearby Bank of America branch with signs reading, "Stop Foreclosures! People Before Profits!" and "We pay our taxes. Why doesn't Bank of America?"
Jumat, 15 April 2011
New and Notes from NYC Council Member Ruben Wills - Council District 38
COUNCIL MEMBERS RUBEN WILLS AND LEROY COMRIE JOIN NON-PROFIT HOUSING ORGANIZATIONS TO ANNOUNCE HOMEOWNER PRESERVATION EVENTS
DISTRICT-WIDE EVENTS WILL HELP RESIDENTS BETTER NEGOTIATE THROUGH MORTGAGE DELINQUENCY
Council Member Ruben Wills and City Council Deputy Majority Leader Leroy Comrie, were joined today by Mike Hickey, Executive Director for the Center for New York City Neighborhoods (CNYCN); Yeneika Puran, Executive Director of CHANGER, Inc.; Connect Queens Campaign Coordinator, Rick Echevarria, and residents to announce two upcoming homeowner preservation events in the 28th district that are designed to assist residents at risk of losing their homes to foreclosure or mortgage delinquency, as well as a homeowner rescue fair at York College to connect homeowners with services and information.
On Saturday, April 16, from 1:00 p.m. – 3:00 p.m. at New Haven Ministries in Richmond Hill, and again from 5:00 p.m. – 7:00 p.m. at Praise Tabernacle in Jamaica, homeownership preservation events will take place to educate residents about successful strategies and negotiations through mortgage delinquency.
“While the country has shifted its attention to other pressing matters, the neighborhoods that I represent are still struggling with escalating foreclosures, bad mortgage modifications and greedy predatory lenders,” said Wills. “The foreclosure epidemic in Southeast Queens threatens to upset our efforts to improve our quality of life and our chances of owning a piece of the American dream. I am determined to ensure that struggling homeowners in Southeast Queens are educated and no longer vulnerable consumers that continue to lose their wealth as a result of gluttonous lending institutions.”
“I want to encourage Queens homeowners who find themselves in danger of foreclosure to attend the Home Rescue Fair on April 23,” stated New York City Council Deputy Majority Leader Leroy Comrie. “I am proud to join my colleague, Council Member Wills, in continuously raising awareness about this issue. The Southeast Queens community has been disproportionately affected by the foreclosure crisis, due to the increasing number of defaults on subprime mortgages that require homeowners to use a higher ratio of their income. Jamaica, Hollis, St. Albans, Woodhaven, Richmond Hill and Ozone Park- primarily communities of color –are consistently among the top neighborhoods in New York City leading in new foreclosure actions and foreclosure auctions. My office has partnered with organizations like the Center for New York City Neighborhoods, Queens Legal Services and Neighborhood Housing Services of Jamaica to offer free foreclosure counseling in community-wide events and in my district office every Friday afternoon. No one should suffer in silence as they lose their home when there is free assistance available.”
“We recognize Council Member Wills as a local leader who has invested his talent and passion to fight the foreclosure crisis in New York City, especially in Southeast Queens, which remains hard hit by this epidemic,” said Michael Hickey, Executive Director of CNYCN. “Currently, there are 30,000 pending foreclosure actions in New York City and we expect things to worsen in 2011 as general economic conditions remain weak. We are pleased to work with Council Member Wills and other elected officials to offer NYC homeowners access to free services from lenders and housing experts at events like the Rise Up & Stay Put! Home Rescue Fair.”
“South East Queens is a community built around the institutions of church and family,” said Yeneika Puran, Executive Director of CHANGER, INC. “We have organized these homeowner events and designed the CONNECT QUEENS campaign with distraught homeowners in mind. Homeowners who have been wrongfully denied loan modifications, homeowners scammed by fraudulent loan modification consultants, and homeowners who are overwhelmed by the experience.”
Jamaica is considered the epicenter of the foreclosure crisis in New York City. CNYCN and its nonprofit and city agency partners are hosting the 4th Rise Up & Stay Put! Home Rescue Fair on April 23 at York College in Jamaica, Queens. This fair will provide a platform for homeowners to meet with their lenders and housing experts to seek loan modifications and other financial solutions in order to avoid foreclosure. To date, more than 2,300 homeowners have attended these fairs in Queens, Brooklyn and the Bronx, and 40 percent of the attendees were processed for new HAMP or non-HAMP loan modification applications, while 30 percent of the participants received help on existing applications.
For more information on Center for New York City Neighborhoods, www.cnycn.org
For more information on CHANGER, Inc., www.changernyc.org
For more information on CONNECT QUEENS, please call (718) 596-2010.
Saturday, April 16
1:00 p.m. – 3:00 p.m. New Haven Ministries, Starlite Pavilion
130-05 101st Ave., Richmond Hill
5:00 p.m. – 7:00 p.m. Praise Tabernacle
108-11 Sutphin Blvd., Jamaica
Saturday, April 23
10:00 a.m. – 3:00 p.m. Rise-Up & Stay Put! Home Rescue Fair
York College
160-02 Liberty Ave., Jamaica
COMMUNITY MEETING ON SITING OF HOMELESS SHELTERS
Council Member Ruben Wills will join representatives from the Department of Homeless Services, Skyway shelter provider, Basics, and residents at a follow up community meeting to address the growing concerns caused by the lack of proper notification for the conversion of the Skyway shelter in to an adult male-only homeless shelter. It has also come to the attention of the community that more than one convicted sexual predator will now be living at Skyway which is near a public school and park. Basics will discuss the implementation of a new safety plan to further safeguard the community.
Earlier in the day, Council Member Wills will join Council Member Brad Lander, chair of the Subcommittee on Landmarks, Public Siting & Maritime Uses, at a City Council public hearing, regarding the city's "Criteria for the Location of City Facilities" also known as "Fair Share Criteria."
In 1989, voters across the city adopted a City Charter change that attempted to equally distribute city facilities, like homeless shelters, across all neighborhoods. However, after more than 20 years, Council Member Wills and other elected officials claim that certain communities, particularly those in outer borough, urban neighborhoods, are bearing the brunt of an over-abundance of these facilities, with fewer resources and without proper notification to residents.
COUNCIL MEMBER RUBEN WILLS INTRODUCES LEGISLATION TO CODIFY CITY LAW TO PROHIBIT THE SALE OF EXPIRED OVER-THE-COUNTER MEDICATIONS
LEGISLATION IS FIRST FOR WILLS; LAW WILL PROTECT RESIDENTS FROM CROOKED STREET VENDORS
Council Member Ruben Wills plans to introduce his first piece of legislation on Wednesday that will codify the ban on the sale of expired over-the-counter medications.
Currently, New York State law prohibits the sale of expired over-the-counter medications by retailers such as Duane Reade or CVS. However, vendors and other licensees of the city have easily skirted the law by selling expired medications like Theraflu, Tylenol, Nyquil and Robitussin at street fairs and vendors’ markets.
“The sale of expired over-the-counter medications has serious health implications,” said Council Member Wills. “Residents who are purchasing these medications at neighborhood flea markets are unaware that they are ingesting expired medications. The potency of medication decreases over time and using medication after its expiration creates a greater likelihood that a person will take more in order to increase its effectiveness.”
Council Member Wills’ legislation closes this loophole and broadens the law to include “persons” so that there is no distinction between a vendor and a retailer. Passage of this legislation will make the distribution of expired over-the-counter medication by any individual a class B misdemeanor punishable by a fine of no more than $250, a maximum of 3 months of in jail, or both.
In November of 2009, then Attorney General Andrew Cuomo announced an $875,000 settlement with the national retail pharmacy chain CVS to end its sale of expired products - including over-the-counter drugs, baby formula, milk, and eggs - at stores across New York State.
“This legislation will help prevent the distribution and flow of expired medications,” said Council Member Wills. “It is the responsibility of anyone who is selling over-the-counter medications to put the health and safety of consumers ahead of profits and sales.”
Senin, 28 Februari 2011
Backyards Not Bonuses - New York Communities for Change
Watch original...
Despite the fact the only a fraction of homeowners who sought help received a permanent mortgage modification from JP Morgan Chase, the bank's CEO, Jamie Dimon, just received a $17 million dollar bonus.
Clearly, Chase is out of touch with the consequences the financial industry's reckless practices continue to have in our communities.
Yesterday, NYC Council Member Jumaane Williams kicked off a campaign by New York Communities for Change in rockstar fashion!
Cheered on by fellow Council Members and dozens of NYCC protesters, Williams stormed JP Morgan Chase’s Park Avenue branch. Protesting the bank's awful record on helping families who are facing foreclosure and haven't received assistance with their mortgages, Williams closed his Chase account.
Can you continue our fight against Chase and pitch in $17? That's just 1/1,000,000 of Jamie Dimon's bonus.
In the coming weeks, many other elected officials, clergy members and unions will follow suit, drawing attention to Chase’s terrible record on modifying mortgages of distressed homeowners in New York.
Council Members Williams, Melissa Mark-Viverito, Mathieu Eugene and James Sanders were the first on the scene, but this is only the beginning.
Just 6 percent of NY homeowners who sought help have received a permanent mortgage modification from JP Morgan Chase - the other 94 percent have been denied or are in limbo.
That’s a shocking number when their CEO just received a $17 million bonus!
Please help us take this campaign to the next level by contributing $17 dollars.
It might seem like a small amount (just 1/1,000,000th of Jamie Dimon’s bonus!), but it will go a long way in helping us make sure that everyone who googles Chase will see the truth about their lending practices.
Despite the fact the only a fraction of homeowners who sought help received a permanent mortgage modification from JP Morgan Chase, the bank's CEO, Jamie Dimon, just received a $17 million dollar bonus.
Clearly, Chase is out of touch with the consequences the financial industry's reckless practices continue to have in our communities.
Yesterday, NYC Council Member Jumaane Williams kicked off a campaign by New York Communities for Change in rockstar fashion!
Cheered on by fellow Council Members and dozens of NYCC protesters, Williams stormed JP Morgan Chase’s Park Avenue branch. Protesting the bank's awful record on helping families who are facing foreclosure and haven't received assistance with their mortgages, Williams closed his Chase account.
Can you continue our fight against Chase and pitch in $17? That's just 1/1,000,000 of Jamie Dimon's bonus.
In the coming weeks, many other elected officials, clergy members and unions will follow suit, drawing attention to Chase’s terrible record on modifying mortgages of distressed homeowners in New York.
Council Members Williams, Melissa Mark-Viverito, Mathieu Eugene and James Sanders were the first on the scene, but this is only the beginning.
Just 6 percent of NY homeowners who sought help have received a permanent mortgage modification from JP Morgan Chase - the other 94 percent have been denied or are in limbo.
That’s a shocking number when their CEO just received a $17 million bonus!
Please help us take this campaign to the next level by contributing $17 dollars.
It might seem like a small amount (just 1/1,000,000th of Jamie Dimon’s bonus!), but it will go a long way in helping us make sure that everyone who googles Chase will see the truth about their lending practices.
Kamis, 03 Februari 2011
Launch of New Consumer Financial Protection Bureau (CFPB) Website
A quick video introduction to the Consumer Financial Protection Bureau (CFPB) -featuring narration by Ron Howard
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The central mission of the CFPB is to make markets for consumer financial products and services work for Americans—whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.
In July 2010, Congress created a new federal agency to protect American consumers. The Consumer Financial Protection Bureau will be a cop on the beat, working to make consumer financial markets work better for American families. As the first new consumer agency of the 21st century, we can communicate directly with the people we serve. Today, that work is just beginning. We’re moving quickly—building a terrific team, finding office space, and unpacking a lot of boxes.
Things aren’t all in place yet, but we don’t want to delay reaching out to the people who care about this agency. We’re excited to announce the launch of our website, ConsumerFinance.gov, for one very important reason – to start a conversation with you. With the launch of our site, we will be Open for Suggestions.
We hope you are eager to learn what this new agency will do and how it might affect you. In turn, we are definitely eager to hear what you have to say. Starting today, you can use the Internet to send us your best suggestions and questions for the bureau:
- If you have a video camera, record a YouTube video and upload it as a response to our welcome video athttp://www.youtube.com/CFPB.
- If you like Twitter, tweet your suggestion using the hashtag #CFPB. You can also follow us at http://www.twitter.com/CFPB.
- If you are on Facebook, you can “Like” us at http://www.facebook.com/CFPB, and post your suggestion on our wall.
- If you want to use our website, you can post suggestions at http://www.consumerfinance.
gov/openforsuggestions.
In the coming days and weeks, staff who are building this new agency will record direct video responses to some of the most frequent questions and most interesting suggestions. You’ll see the faces and meet the people who come to work every day to make a difference for the American people. We look forward to getting to know a little more about you, too. More is coming, so be sure to check back athttp://www.consumerfinance. gov/openforsuggestions throughout the coming weeks.
Open for Suggestions is just one way that we plan to keep our conversation going with you. Be funny! Be creative! Most of all, be real about what matters to you. This is a great chance to go into your community with a camera, laptop, or mobile phone, or just a pen and paper, and help others participate. Involve your friends, your family, your colleagues and classmates, your faith community, and anyone you know who might be counting on this agency for information and help. If you aren’t ready with a specific comment, that’s OK. Just let us know you are there—and stay in touch.
We can’t do it without you.
Thanks,
Elizabeth Warren
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