Avoid Foreclosure, Attend This Mortgage Assistance Event

The following is a press release from the offices of Gov. Dannel P. Malloy, Attorney General George Jepsen and Banking Commissioner Howard Pitkin:

Connecticut’s distressed homeowners have another opportunity to explore loan modification and foreclosure prevention options with their lenders at a day-long, state-sponsored forum on Tuesday, Oct. 22, from 10 a.m. to 7 p.m. at the Connecticut Convention Center in Hartford. Free parking will be available for attendees.

The mortgage assistance event, the sixth sponsored by the state, was announced Oct. 15 at a news conference held by Governor Dannel P. Malloy, Attorney General George Jepsen and Banking Commissioner Howard F. Pitkin. 

Loan Providers Sending Representatives 

• Bank of America
• CitiMortgage
• First Niagara Bank
• HSBC National Bank USA
• JPMorgan Chase & Co 
• McCue Mortgage
• Nationstar Mortgage
• Ocwen Loan Servicing 
• People's United Bank
• PNC Mortgage
• U.S. Bank Home Mortgage
• Webster Bank 
• Wells Fargo Bank
• Fannie Mae 
• Freddie Mac

Also attending will be HUD-approved housing counselors, the Connecticut Housing Finance Authority, pro bono attorneys, Judicial Branch foreclosure mediators and other federal, state and non-profit agencies.

The Event Format

Connecticut’s event format has become a model for other states because it succeeds in bringing hundreds of mortgage customers together with their bank representatives in one day, state officials said. 

The events make it easy for homeowners to start the loan review process or to expedite it. Others, who bring all the necessary paperwork, may get an answer the same day to their modification application. If additional paperwork is necessary, the homeowner comes away with a single point of contact to make sure that information gets to where it needs to be.

The goal is to get answers as quickly as possible for homeowners, so they can evaluate their options, make decisions regarding their homes or seek additional counseling.

Get More Information

More information about the mortgage assistance event, including the information homeowners should bring to help them get answers quickly, is available at www.ct.gov/dob, or by calling the Department of Banking at 860-240-8170 or toll-free 1-877-472-8313.

What Your State Officials Are Saying

“Getting lenders and borrowers together to discuss the issues is the first step to keeping people in their homes,” Malloy said. “This event facilitates those important conversations between the banks and homeowners—thousands of residents have already received assistance and I encourage any distressed homeowner to participate."

“We know from recent reports that banks are providing real debt relief to Connecticut borrowers. More than 6,300 borrowers have benefitted since March 1, 2012 alone,” Jepsen said. “Homeowners in the Greater Hartford area that are struggling to stay in their homes may benefit enormously from this opportunity.”

Pitkin said, "I encourage anyone having problems keeping up with their mortgage to attend.  In addition to meeting directly with a lender or loan servicer, housing counselors will be on hand to meet with homeowners.  Federal, state and local agencies will be available, providing information including job training, fuel assistance and other community resources. Those unable to attend can get help through the Department’s Foreclosure Assistance Hotline, at 1-877-472-8313.”