Posts tagged as:

ACORN

Is ACORN the bank’s propaganda puppets?

by Moe Bedard

The facts are that I have studied the foreclosure crisis for over two years and have kept an watchful eye on the non-profit industry to see what they were actually doing to help struggling homeowners. Many large non-profits like NACA and Neighborhood Works have done a fairly good job at combatting foreclosures and getting the [...]

0 comments Read the full article →

Taxpayer Groups Sign Coalition Letter Opposing Dodd-Countrywide Mortgage Bailout Bill

by Moe Bedard

Proposed Legislation Rewards Risky Borrowers and Banks with Hundreds of Billions of Taxpayer Dollars at Risk, Potentially Bankrupting the Federal Housing Administration

WASHINGTON–(BUSINESS WIRE)–As the Dodd-Countrywide mortgage bailout bill comes to the Senate floor this week for debate, leading taxpayer advocates stand in opposition to the legislation.
The Dodd-Countrywide bill would create $300 billion in new taxpayer [...]

0 comments Read the full article →

Homeowners take mortgage crisis to the grounds of the Minnesota governor’s mansion

by Moe Bedard

ST. PAUL – In response to Governor Tim Pawlenty’s threats to veto the Minnesota Subprime Foreclosure Deferment Act, families facing foreclosure brought the crisis to the governor’s mansion on Summit Ave in Saint Paul.
On Saturday, members of the housing-focused community organization ACORN and other groups constructed “Subprime City – the fastest-growing city in the nation” [...]

0 comments Read the full article →

Countrywide and ACORN Work on Blueprint for Home Retention and Foreclosure Prevention

by Moe Bedard

CALABASAS, Calif. and NEW ORLEANS, La., Dec. 21 /PRNewswire-FirstCall/ — Countrywide Financial Corporation (NYSE: CFC – News) and the Association of Community Organizations for Reform Now (“ACORN”) announced a joint initiative to develop a blueprint for home retention programs, with a particular focus on subprime borrowers. “Countrywide and ACORN share the belief that subprime borrowers [...]

0 comments Read the full article →