Mortgage assistance event announced by gov.

The following press release was forwarded from the House Democrats by Bristol State Rep. Christopher Wright:

Gov. Malloy joined Atty Gen. Jepsen and Banking Commissioner Pitkin on Tuesday to announce a day-long, state-sponsored forum for distressed homeowners interested in loan modification and foreclosure prevention options.

 

Malloy said the event is the sixth sponsored by the state and will be held 10 a.m. to 7 p.m. Oct. 22 at the Ct. Convention Center in Hartford.

 

Jepsen said Connecticut’s event format has become a model for other states because it succeeds in bringing hundreds of mortgage customers together with their bank representatives in one day.

 

Getting lenders and borrowers together to discuss the issues is the first step to keeping people in their homes, Malloy said.

 

More than 6,300 borrowers have benefitted since March 1, 2012, when Connecticut began hosting the events, Jepsen said.

 

Federal, state and local agencies will be available, providing information including job training, fuel assistance and other community resources.  Those unable to attend can get help through the Department’s Foreclosure Assistance Hotline, at 1-877-472-8313.”

 

Among the loan servicers sending representatives are: Bank of America; CitiMortgage; First Niagara Bank; HSBC National Bank USA; JPMorgan Chase & Co.; McCue Mortgage; Nationstar Mortgage; Ocwen Loan Servicing; People’s United Bank; PNC Mortgage; U.S. Bank Home Mortgage; Webster Bank and Wells Fargo Bank, in addition to Fannie Mae and Freddie Mac. Also attending will be HUD-approved housing counselors, the Connecticut Housing Finance Authority, pro bono attorneys, Judicial Branch foreclosure mediators and other federal, state and non-profit agencies.

 

More information about the mortgage assistance event, including the information homeowners should bring to help them get answers quickly, is available at www.ct.gov/dob, or by calling the Department of Banking at 860-240-8170 or Toll-free 1-877-472-8313.

 

Funding for the events is coming from Connecticut’s $190 million share of a $25 billion federal-multistate agreement in 2011 with the nation’s five largest mortgage servicers over foreclosure abuses and fraud, and unacceptable nationwide mortgage servicing practices.

 

Jepsen said Connecticut is the only state that has used all of its share in the settlement to help homeowners.

 

One reporter asked how much of the $190 million is left. Malloy said he didn’t know but would get the answer as soon as possible.

 

Malloy then took questions on other issues in the news.

 

Several reporters asked for comment on the latest controversy involving the secretary of the state’s purported use of emails that may have been obtained from the 2010 election campaign.

 

Malloy and Jepsen both said it was premature to comment.