ALBANY, N.Y. (AP) — Gov. David Paterson says $4.175 million in state grants have been awarded to nonprofit agencies to help address the subprime mortgage crisis.
The money for home ownership assistance and foreclosure counseling, advocacy and legal services follows $1.765 million announced in July.
Lawmakers and Paterson approved $25 million for the Subprime Foreclosure Prevention Program in this year’s budget. Legislation also gave New Yorkers an extra 90 days to work to save their homes from foreclosure, added to a typical 440-day foreclosure process in the state.
Officials report 16,025 foreclosure filings in the second quarter, up 62 percent from a year earlier, pushed by borrowers marginally qualified to meet payments when adjustable loan rates rise. ———
On the Net:
State Division of Housing and Community Renewal: http://www.nysdhcr.gov.
State Banking Department: http://www.banking.state.ny.us.
News Refresh
September 10, 2008
WEDNESDAY: More NY grants aimed at subprime mortgage crisis (4:37 p.m.)
- News Refresh
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LAY OFFS: Seneca Gaming Corp. to cut 210 jobs
The struggling economy has evidently caught up with the local gaming industry.
The Seneca Gaming Corp. announced on Tuesday plans to lay off a total of 210 of the 4,800 employees who work at its casino operations in Niagara Falls, Buffalo and Salamanca. - MONDAY: Mets, Bisons set to announce affiliation deal New York Mets executives are in Buffalo to announce that the Triple A Bisons will be the major-league team’s top farm club.
- FRIDAY: Police, fire departments offer disaster training courses (3:13 p.m.) The Lockport police and fire departments are offering a free community emergency preparedness course.
- FRIDAY: Four school districts holding meetings (1:25 p.m.) Four school districts in eastern Niagara County will be holding school board meetings next week.
- FRIDAY: Staffing agency opens payroll center in upstate NY (12:40 p.m.) Adecco, the world’s biggest staffing agency, is opening a new payroll operations center in suburban Rochester that will create 200 new jobs by 2010.
- FRIDAY: Ex-manager accused of theft from NY bowling group (9:58 p.m.) State police say a 54-year-old man stole as much as $200,000 from a state bowling association while serving as its manager.
- THURSDAY: AT&T expands 3G to NT (4:57 p.m.) AT&T Inc. is expanding its third-generation, or 3G, high speed wireless network many areas of Niarage and Erie counties.
- THURSDAY: Schumer to offer banks a deal (2:43 p.m.) Sen. Charles Schumer plans to offer a broad economic proposal for the government to offer a financial lifeline to those banks that are willing to renegotiate mortgages for those on the brink of losing their homes.
- THURSDAY: US woman killed in Yemen embassy attack (11:35 a.m.) The State Department has confirmed that a young American woman and her Yemeni husband were killed in a terrorist attack at the U.S. Embassy in Yemen.
- THURSDAY: Vegas detective tells of encountering O.J. Simpson (11:24 p.m.) When police detective Andy Caldwell heard that O.J. Simpson was a suspect in a robbery, he said he couldn’t believe it.
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LAY OFFS: Seneca Gaming Corp. to cut 210 jobs
The struggling economy has evidently caught up with the local gaming industry.
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