Freddie Mac Donates $100K For FC Counseling, Legal Services

Posted by Orb Staff on November 09, 2009 No Comments
Categories : Residential Mortgage

Freddie Mac has given $100,000 to the Center for New York City Neighborhoods (CNYCN) to use for its foreclosure prevention efforts. CNYCN coordinates these citywide efforts through a network of 30 nonprofit community-based partner organizations that provide legal services, housing counseling, outreach and education to individuals at risk of foreclosure.

‘CNYCN and its partner organizations are working at peak capacity, and are deluged with calls from individuals seeking help,’ says Dwight Robinson, senior vice president of corporate relations and housing outreach for Freddie Mac. ‘Our efforts will help them continue their outreach and education efforts. Keeping people in their homes is critical to help stabilize neighborhoods and the broader economy."

CNYCN was created in 2007 by Mayor Michael Bloomberg and Speaker Christine Quinn to address the local repercussions of the national subprime lending and foreclosure crisis. Since it began operations in July 2008, CNYCN has reached more than 5,700 homeowners with individual in-person housing counseling and legal services.

SOURCE: Freddie Mac

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