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.
Posted by Eric Adams on Saturday, November 5th, 2011
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).