Cuomo administration says it sent checks to banks and mortgage service providers . Thousands of financially - challenged families are still awaiting $ 208 million in mortgage checks . New York ( CNN ) -- Banks are holding more than $ 200 million in insurance payments meant for victims of Superstorm Sandy , nearly four months after the storm made landfall , New York Gov . The banks were not immediately available for comment . They have said they were socked with many payouts that require processing .
Cuomo administration says it sent checks to banks and mortgage service providers . Thousands of financially - challenged families are still awaiting $ 208 million in mortgage checks . The banks were not immediately available for comment . They have said they were socked with many payouts that require processing .