Eric Adams's posts related to Banks

NYS Senator Eric Adams Unites With Community Organizations (NY Communities For Change) And Constituents To Urge Chase Bank To Provide Affordable Mortgage Modifications For All New Yorkers

On Saturday, April 16, 2011, NYS Senator Eric Adams united with community organizations and constituents to urge Chase bank to provide affordable mortgage modification for all New Yorkers.

Chase, the country’s third largest mortgage servicer, has done a woefully inadequate job in mitigating high-cost, defaulting home loans.  According to the Center for New York City Neighborhoods Inc., only 6% of Chase-serviced borrowers have obtained a permanent loan modification; 80% of homeowners requesting a mortgage modification from Chase have never received proper consideration. 


Senator Adams attended the Investors Bank VIP Reception in Boro-Park

Senator Adams attended the Investors Bank Brooklyn Boro-Park Branch VIP Reception where he met Kevin Cummings, President (pictured above) and Chief Executive Officer and Domenick A. Cama, Sr. Executive Vice President of the Bank (pictured below).