View Office of the State Comptroller's press release (pdf 414 kb)

New York City Comptroller William C. Thompson, Jr. joined New York State Comptroller Thomas P. DiNapoli and leaders of New York ACORN today to urge the nation’s mortgage lenders and servicers to take concrete action to stem the tide of mortgage foreclosure across New York State.

The Comptrollers and ACORN released three principles that banks and lenders will be asked to put into action.

“Today, we are raising the bar and insisting that all lenders and servicers in New York State and City commit to real foreclosure prevention by implementing a set of principles that Comptroller DiNapoli and I have developed in partnership with ACORN to help borrowers save their homes,” Thompson said. “This is a matter of great consequence in New York City. Like the rest of the country, we value homeownership as an important symbol of participation in the American dream. And yet in our region, that dream has all too often devolved into a nightmare.”

You can read the full release issued by DiNapoli’s Office at www.comptroller.nyc.gov.

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