The Federal Reserve Bank of New York and the City Bar Justice Center are working to recruit more attorneys to volunteer to save New York
City homeowners from foreclosure. The joint effort, called the Lawyers’ Foreclosure Intervention Network,
turned one year old last Thursday, and officials from the Fed and the
city’s Bar, as well as attorneys from the city’s biggest law firms and
financial institutions, gathered to discuss strategies to recruit more
lawyers to the program, particularly from large law firms, where
participation has been almost non-existent. [more]