State Senator Jeff Klein, who represents parts of the Bronx and Westchester, continues to lead the charge against the mortgage lending crisis ripping through the Bronx and the rest of the United States, and causing many people to lose their homes.
Two weeks ago, Klein teamed up with Countrywide, a lender synonymous with the mortgage crisis, to offer homeowners in his 34th Senate District a chance to refinance their loans using Countrywide specialists.
The “Home for the Holidays Initiative” would proactively target borrowers in, or nearing, default status on their home loans in an effort to help them stave off foreclosure proceedings.
“As I’ve said before, legislation is a long-term solution, but right now we need to stop the wave of foreclosures threatening the dream of homeownership throughout our state,” Klein said in a statement.
If the initiative works, Klein said it could be adopted in other districts.
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Welcome to the Norwood News, a bi-weekly community newspaper that primarily serves the northwest Bronx communities of Norwood, Bedford Park, Fordham and University Heights. Through our Breaking Bronx blog, we focus on news and information for those neighborhoods, but aim to cover as much Bronx-related news as possible. Founded in 1988 by Mosholu Preservation Corporation, a not-for-profit affiliate of Montefiore Medical Center, the Norwood News began as a monthly and grew to a bi-weekly in 1994. In September 2003 the paper expanded to cover University Heights and now covers all the neighborhoods of Community District 7. The Norwood News exists to foster communication among citizens and organizations and to be a tool for neighborhood development efforts. The Norwood News runs the Bronx Youth Journalism Heard, a journalism training program for Bronx high school students. As you navigate this website, please let us know if you discover any glitches or if you have any suggestions. We’d love to hear from you. You can send e-mails to norwoodnews@norwoodnews.org or call us anytime (718) 324-4998.