MFY filed a groundbreaking lawsuit on behalf of a Queens homeowner who paid thousands of dollars in fees to a company that promised a loan modification and legal services but provided nothing. The New York Post describes the suit, the first of its kind filed in the city under the distressed property consultant law.
MFY’s vigorous advocacy to end the foreclosure “shadow docket” led to a new law signed today by Governor Cuomo to end this abusive practice. MFY’s 2011 report, Justice Deceived, showed how homeowners were prevented from getting loan modifications because lenders’ attorneys failed to file documents to move their cases to the settlement part. Read more.
MFY Legal Services called upon Governor Andrew Cuomo to sign a law passed by the New York State Legislature that will end the shadow docket in foreclosure cases by requiring lenders’ attorneys to certify the legitimacy of their cases when they first file foreclosure papers. MFY’s two white papers, Justice Deceived (2011) and Justice Unsettled [...]
MFY has retained the ACLU to represent it in an administrative FOIA appeal. On April 24, 2013, the Consumer Financial Protection Bureau (CFPB) refused to disclose consumers’ complaints narratives and CFPB’s follow-up to the complaints under FOIA’s privacy exemption (Exemption 6) in response to MFY’s inquiry. In its appeal, the ACLU has challenged such a [...]
MFY clients Joyce Harden and Melissa Jaime, both victims of improper foreclosure procedures by Wells Fargo, are featured in news reports around NYS Attorney General Eric Schneiderman’s announcement of legal action against major banks for violating the national mortgage settlement agreement.
MFY and other organizations affiliated with the Center for New York City Neighborhoods signed on to a letter urging the city to provide further assistance to address the legal needs of New Yorkers devastated by Superstorm Sandy as part of the city’s Action Plan for funding under the Community Development Block Grant.
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.
In a March 21, 2013 article in the Huffington Post, MFY Attorney Elizabeth Lynch comments that the FHFA report showing banks’ failure to report homeowner complaints of mortgage abuses is further evidence of the failure of government regulations to protect homeowners.
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.
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.