Connecticut homeowners in foreclosure or having trouble making payments on their underwater properties can attend a day-long event next week at the Connecticut Convention Center, Gov. Dannel Malloy and other officials said today.
Borrowers will be able to meet at the Oct. 22 event with lenders, federally approved housing counselors, pro bono attorneys and foreclosure mediators who track mediation efforts under state law.
It’s the sixth such event in Connecticut, and is funded by Connecticut’s $27 million share of a $25 billion nationwide settlement reached earlier this year with the five largest mortgage lenders — Bank of America, JPMorgan Chase, Wells Fargo, Citigroup and Ally Financial.
The event runs from 10 a.m. to 7 p.m.
Malloy said today that 5,000 Connecticut homeowners have attended the events since 2011 and that the state wants to pressure banks to make foreclosure mediation decisions more quickly.
“Banks act differently when someone’s looking over their shoulder,” Malloy said.
Lenders who will be in attendance include 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, Fannie Mae and Freddie Mac.
