Subprime Mortgage Help

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Subprime Mortgage Help

By WBNG News

New York Governor Paterson has announced $2.3 million
in grants as part of the state's ongoing efforts to address the
subprime mortgage crisis.

The grants announced Friday will go to nonprofit agencies for
homeownership assistance and foreclosure prevention counseling,
advocacy and legal services.

In all, 53 awards totaling $21.2 million were awarded by the
Division of Housing and Community Renewal in 2008 under the New
York State Subprime Foreclosure Prevention Services Program.

Another $2 million has been awarded by the New York State Banking
Department.

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