News & Headlines

• February 02, 2010 Rising FHA default rate foreshadows a crush of foreclosures
• January 30, 2010 FHA suspends anti-flipping rules to boost foreclosure sales
• January 29, 2010 Administration tightens requirements for mortgage relief
• January 22, 2010 Treasury weighs fixes to program to fend off foreclosures
• January 08, 2010 A foreclosure crisis rooted in predatory lending

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

• 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.
• 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.
• March 18, 2009 Loan modifications available for all mortgages, not just subprime Consumer Action joined its coalition members in a letter supporting S. 61, which would provide judges with the authority to modify unaffordable loans for all families who are facing foreclosure, not just those with subprime mortgage loans.
• February 24, 2009 Court-supervised loan modifications crucial to stopping foreclosures Consumer Action, along with its coalition members, sent a letter urging Congress to support loan modifications via bankruptcy court, which would be an immediate and effective way to reduce foreclosures.
• February 09, 2009 Foreclosure prevention necessary to solve economic recession Leading consumer groups - including Consumer Action - sent a letter to Treasury Secretary Timothy Geithner outlining what a successful federal foreclosure prevention program should include.

BookNotes

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