NYC Fair Lending Education & Outreach Project
NEDAP's Fair Lending Education & Outreach Program provides information, training and referrals to help NYC homeowners and homebuyers protect themselves against predatory lending practices.
"Predatory lending" refers to fraudulent and deceptive practices by mortgage lenders and brokers and unscrupulous real estate practitioners, who make high cost loans that are unaffordable to the borrower or  made on unfair terms.
Each year, hundreds of New York City homeowners risk losing their home to foreclosure as a result of predatory lending.
Through the Fair Lending Education & Outreach Program, NEDAP provides free community workshops, training for staff at community-based organizations, lending and foreclosure data and maps, and referrals to mortgage and foreclosure prevention counseling and legal assistance. Please contact us for more information or to get involved!
Education & Training
NEDAP provides FREE trainings on predatory mortgage lending to grassroots community groups and homeowners in New York City. We can provide a brief, 15-minute presentation for your group or a longer, more in-depth training. Please contact us to schedule a presentation. You can also fill out our training request form and fax or mail it to us.
NEDAP has trained hundreds of groups on predatory lending, covering the following topics:
- What is Predatory Lending?
- Warning Signs of a Predatory Loan
- Property flipping schemes
- Deed theft or "foreclosure prevention" scams
- Your Rights under the Fair Housing Act
- Where to turn for assistance
- New York State's Anti-Predatory Lending Law, passed in 2002.
Legal Assistance & Referrals
The Project refers homeowners to foreclosure prevention attorneys; mortgage counselors; financial assistance and other resources -- including the Predatory Lending Legal Assistance Hotline at the Foreclosure Prevention Project of South Brooklyn Legal Services.
Resource Materials
The project has compiled a homeowner's resource sheet (also available in Spanish). Additionally, the project offers a Community Guide to Homeownership Resources in New York City. The resource guide is free and available by contacting the project by email or by calling (212) 680-5100.
NEDAP has developed a new brochure that provides important information about servicers and loan modifications for homeowners who are having trouble paying their mortgages who are in foreclosure. Download the brochure here:
Consumer information about predatory lending scams is also available for consumers in Spanish, English, Haitian-Creole, Korean and Chinese. Below are links to information in English. Please contact us for information in other languages.
The New York City Anti-Predatory Lending Task Force has developed a new pocket guide for homeowners which includes information about key mortgage terms, products, and documents; warning signs of predatory loans; as well as local and online resources to assist people in the homebuying process. Download the guide here:
Maps
NEDAP has produced color maps that depict lending and foreclosure patterns throughout New York City. Sample maps and more information about NEDAP's Financial Justice Mapping Project are available online. |
