Foreclosures in New York: What's Really Going On

Four years into the mortgage meltdown, the home foreclosure crisis in New York State continues unabated, particularly in low income neighborhoods and communities of color. Recent reports on foreclosures in New York cite a decline in foreclosure actions filed in New York courts. These reports, however, fail to include key information needed to understand the true foreclosure picture and formulate effective public policy. According to NEDAP's analysis of new mortgage default and delinquency data, foreclosure risk remains disturbingly high in New York. NEDAP found that more than 345,000 mortgages were in default or delinquent in New York State, in 2011. This staggering number -- based on 90-day preforeclosure notices that New York now requires servicers to send to homeowners -- indicates severe mortgage distress and risk of foreclosure and destabilization for huge numbers of families and communities throughout the state.The number of foreclosure actions (lis pendens) filed against New York homeowners has indeed dropped, notwithstanding the extremely high number of mortgage defaults and delinquencies. The decline in foreclosure filings, however, is largely attributable to banks' inability to produce documentation required to initiate foreclosure cases, as New York courts heighten their scrutiny of banks' foreclosure filings. NEDAP found that 90-day pre-foreclosure notices in New York City, for example, outnumbered foreclosure actions filed in New York courts 14 to 1

Paying More for the American Dream IV: The Decline of Prime Mortgage Lending in Communities of Color

The financial crisis has led to significantly reduced access to mortgage credit for all borrowers and communities. In neighborhoods of color, however, where the foreclosure crisis has taken an especially severe toll, access to prime, conventional mortgage loans has declined precipitously -- to a much greater degree than in predominantly white neighborhoods. Families living in neighborhoods of color disproportionately lack access to affordable loans needed to purchase or improve their homes or to refinance their mortgage to secure a lower monthly payment. As this lack of access and the ongoing foreclosure crisis wreak havoc on communities of color, neighborhood rehabilitation efforts, includingsustainable loan modifications, are desperately needed to help families avert foreclosure and stay in their homes, and to prevent further destabilization of neighborhoods.This report focuses on changes in lending patterns in seven key metropolitan areas: Boston, MA; Charlotte, NC; Chicago, IL; Cleveland, OH; Los Angeles, CA; New York, NY; and Rochester, NY. It examines changes in the levels of prime, conventional home purchase and refinance mortgage lending in predominantly white communities and communities of color between 2006, the beginning of the foreclosure crisis, and 2008, the most recent year for which national mortgage lending data are available.The report also examines lending patterns for the four largest bank holding companies: Bank of America, Citigroup, JPMorgan Chase, and Wells Fargo. Finally, the report includes recommendations for federal policy reforms that would require financial institutions to issue credit responsibly and protect all communities, particularly communities of color, from abusive lending practices

Fire severity effects on nutrient dynamics and microbial activities In a Siberian larch forest

Thesis (M.S.) University of Alaska Fairbanks, 2016High-latitude ecosystems store large amounts of carbon in soil organic matter and are among the most vulnerable to climate change. In particular, fire severity and frequency are increasing in boreal ecosystems, and these events are likely to have direct and indirect effects on climate feedbacks via increased emission of carbon (C) from soil and changes in vegetation composition, respectively. In this study we created experimental burns of three severities in the northeastern Siberian arctic, near Cherskiy, RU, and quantified dissolved C, nitrogen (N), and phosphorus (P), and microbial respiration and extracellular enzyme activities at 1-day, 8-days, and 1-year post-fire. Our objective was to determine how fire affects C, N, and P pools, soil microbial processes, and how these effects scale across severity and time since fire. We found labile C and nutrients increased immediately post-fire, but appeared similar to unburned controls within a week. Phosphorus alone remained elevated through 1-year post-fire. Leucine aminopeptidase activities initially increased with fire severity, but by 1-year, activities decreased with fire severity at a rate an order of magnitude faster. Fire severity suppressed phosphatase and β-glucosidase activities at all time points. Soil respiration was reduced by half in high severity plots 1-year post-fire, while net rates of N mineralization increased by an order of magnitude. We found that changes in soil C and nutrient pools, soil respiration, and net N mineralization rates responded in a threshold-fashion to fire severity, although P was uncoupled from C and N by changing at a distinct severity threshold. Extracellular enzyme activities and edaphic variables scaled linearly with fire severity. The interaction of threshold and linear response curves to fire severity may help explain the variability across studies in soil microbial community responses to fire. Microbial communities recovering from more severe fires have the possibility to decrease future ecosystem C losses through reduced respiration. The changing fire regime in permafrost ecosystems has the potential to alter soil microbial community dynamics, the retention of nutrients, and the stoichiometry of C, N, and P availability

The Case for Banning Payday Lending: Snapshots from Four Key States

For years, community groups and advocates around the country have waged pitched battles to eliminate payday lending in their respective states. Notwithstanding extensive documentation of the payday lending debt trap and the billions of dollars payday lenders have systematically stripped from low-income families and communities, especially those of color, the payday lending industry has cannily built and exerted its political power in state capitols throughout the U.S. As a result, many states permit usurious payday lending, with often dire consequences for millions of payday loan borrowers already struggling to make ends meet. A key move in the industry's playbook is to convince states that the best way to address predatory payday lending is to regulate the industry. But regulations in states that authorize payday loans are too often written by industry and porous at best, and across the board fail to eliminate the hooks that trap people in these usurious and harmful loans. Other less subtle strategies the industry employs are to co-opt state legislators through generous campaign contributions, and to lobby aggressively against any and all attempts to prohibit or curtail payday lending. This report presents snapshots on payday loan regulation in four key states -- California, Illinois, New York, and North Carolina. The snapshots are intended to provide helpful lessons and serve as a useful basis for comparison. Although New York has long prohibited payday lending altogether through its strong usury law, North Carolina opened the door to payday lending for five years before restoring its previous ban in 2001. Illinois, by contrast, has attempted to restrict payday lending through a series of legislative and regulatory reforms adopted over the past 12 years, many of which the industry immediately circumvented. California, for its part, has few payday loan regulations on the books. While some cities and counties in California have sought to curb payday lending by passing local ordinances, the industry has to date successfully thwarted all efforts to pass meaningful state-level protections.The four organizations that prepared the snapshots -- California Reinvestment Coalition, New Economy Project (formerly NEDAP), Reinvestment Partners, and Woodstock Institute -- offer their perspective as financial justice advocates that have been in the thick of payday lending battles in their home states. Their direct experience with a range of regulatory frameworks has shown that strong usury caps have proven the single most effective means of banning payday lending.The report comes at an exciting time. Advocates have spent years refuting and defending against the payday lending industry's shameless and aggressive lobbying, and there is now a clear turning of the tide. Last month, the Consumer Financial Protection Bureau published a comprehensive study on storefront and bank payday loans, which showed how payday loans lead many borrowers to a long-term cycle of indebtedness. That same week, the Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency issued strong proposed guidance that would effectively rein in predatory payday lending by banks. There is an emerging chorus at local, state, and federal levels calling for an end to payday lending -- whether by banks, storefront payday lenders, or over the internet -- and the squeeze is now squarely on the industry. The changing dynamic will likely increase pressure in battleground states, such as California and Illinois, and we hope soon to see strong federal action that ends payday lending once and for all

Erratum to ‘P23-075-23 Development & Validating of a Food Literacy Behavior Questionnaire for Adults With Type 2 Diabetes Mellitus’ [Current Developments in Nutrition 7S1 (2023) 100184] (Current Developments in Nutrition (2023) 7(S1), (S2475299123249094), (10.1016/j.cdnut.2023.100184))

The American Society of Nutrition regrets that the author order of this abstract is incorrect. The author order is currently listed as: Georgianna Tuuri, Melissa Cater, Sarah Ludwig The author order should be: Sarah Ludwig, Melissa Cater, Georgianna Tuuri The Society would like to apologise for any inconvenience caused

How best to treat agitation in patients with irreversible dementia?

Atypical antipsychotics modestly reduce agitation compared with placebo but have significant adverse effects (strength of recommendation [SOR]: A, systematic reviews of randomized controlled trials [RCTs]). Haloperidol doesn't reduce symptoms and has serious adverse effects (SOR: A, systematic reviews of RCTs). Selective serotonin reuptake inhibitors (SSRIs) and melatonin--although well tolerated--don't reduce agitation (SOR: B, extrapolated data from systematic reviews of RCTs)

Does anal cancer screening reduce morbidity and mortality in men who have sex with men?

It's unclear whether anal cancer screening benefits men who have sex with men because high-quality studies on this subject are lacking. In the absence of high-quality data, anal pap smears aren't recommended for routine screening of men who have sex with men (strength of recommendation: C, expert opinion)