Media Coverage

CPC Provides Permanent Financing for Seven Renovated Properties in Harlem

CPC's Bronx office recently closed a $681,037 permanent loan to refinance seven gut renovated Harlem buildings sponsored by the NYC Dept. of Housing Preservation and Development (HPD) and the U.S. Dept. of Urban Housing and Development (HUD) under HPD's 203K program focused on neighborhood revitalization.  (read more ...)


Hurdles in Renegotaiting Mortgages - New York Times, December 30, 2009

In New York City, where 20,000 homeowners faced foreclosure this year, a recent study by the Center for New York City Neighborhoods found that lenders have offered new or trial mortgages to just 3 percent of the homeowners who have sought help.  Gerald Carter, one of Paraodneck’s foreclouse counselors, was quoted in an extensive story on this problem in the New York Times,

"It’s a constant Catch-22:  They never give you their name," said Gerald Carter, a counselor with the Parodneck Foundation in New York City, which receives city and state money to advise homeowners.  "You call back and say, 'No, I was talking to Bob last time,' but Bob wouldn't give his last name — not even an employee ID number.   So you start over."

Daily News Profile

Lucy Williams, a Parodneck client and recipient of a SCHAP (Senior Citizens Homeowner Assistance Program) home repair loan, was recently profiled by the Daily News (February 19, 2009) and discussed how to be "nice to herself financially."

Wall Street Journal Profile

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On November 15th, 2008,the Journal profiled Dorothy Womble, 89, and Gloria O’Loughlin, 88, both residents of CATCH's Logan Gardens, among a group of four seniors who had survived the Great Depression.

See the full article "Memories of the Depression Still Sear.   As hard times return, witnesses to the 1930s recall lessons they learned."

Parodneck Client on BBC TV. On October 28th, BBC TV

presented a report "US Pensioner’s Mortgage Woe," on the mortgage foreclosure crisis.   The two minute segment, http://news.bbc.co.uk/2/hi/business/7694526.stm, summarized the crisis to date and interviewed several observers, including Frances McDonald of Queens, one of Parodneck’s clients.   Ms. McDonald was interviewed at her home with Sotirios Assimacopoulos, a Parodneck Remediation Specialist,and is shown here outside her house with Gerald Carter, also a Parodneck Remediation Specialist.

Other Media Coverage