News & Headlines

• January 30, 2012 Who benefits from possible $25B mortgage settlement?
• January 25, 2012 President to offer way for easing home debt
• January 18, 2012 Families fighting for their homes
• January 11, 2012 Big banks face inquiry over home insurance
• December 09, 2011 A dream of homeownership, still beyond reach

Publications

CA News & Special Reports

No news found.

On Our Radar

• June 25, 2009 Survey finds California homeowners, renters fall through the cracks Despite new federal and state initiatives, the banking industry continues to fail to adequately address the foreclosure crisis, while new arenas for abuse of consumers are thriving, according to a survey by the California Reinvestment Coalition.
• June 12, 2009 "Day of Action" highlights impact of recession on communities From Chicago to San Francisco, Birmingham to Detroit and in more than 50 cities across the country, the National Community Reinvestment Coalition (NCRC) held public rallies and events at 54 locations across the U.S. calling for greater accountability and integrity in the U.S. financial system.
• September 17, 2008 Some mortgage modifications are actually increasing home loans Public Citizen's Consumer Law and Policy Blog has posted a study revealing a wide disparity in the types of mortgage modifications being offered to homeowners.
• September 17, 2008 Foreclosures and voting rights No Voter Left Behind, a Democrat supported group, is urging Americans in foreclosure to know their rights before Election Day.
• August 05, 2008 Minority consumers most at-risk for high-cost mortgage loans The National Community Reinvestment Coalition (NCRC) report highlights stark disparities for African-American and Hispanic loan recipients in particular.

Coalition

• December 14, 2011 Mortgage servicers must be held to strong standards by consumer agency Consumer Action signed onto a letter asking the Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau (CFPB), Raj Date, to advance strong national mortgage servicing standards.
• December 10, 2010 Close call on loosening mortgage documentation standards Consumer Action and others sent a letter to President Obama, thanking him for not signing H.R. 3808, the “Interstate Recognition of Notarization Act,” which would have now is not loosened protections against fraud in the foreclosure process, and asking for a national moratorium on foreclosures until regulators can be sure that mortgages services are complying with all related laws and obligations.
• January 29, 2010 Foreclosure crisis can be stopped with bold, aggressive action Consumer Action joined members of Americans for Financial Reform in a letter demanding more solutions - including revamping HAMP, addressing unemployed homeowners, and offering a "right to rent" - to stop the foreclosure crisis.
• January 29, 2010 Improving HAMP will stem foreclosures In a letter to Tina Tchen, White House Director of Office of Public Engagement, Consumer Action and other groups laid out steps to improve the Home Affordable Modification Program (HAMP).
• March 23, 2009 State regulators must be allowed to protect borrowers Consumer Action signed on to a letter to Treasury Secretary Timothy Geithner and Attorney General Eric Holder urging them to overturn a Bush Administration ruling that weakened the ability of states to investigate and enforce laws against banks in their region.

BookNotes

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