News & Headlines

• March 09, 2010 Pennsylvania helps jobless homeowners
• March 08, 2010 Program will pay homeowners to sell at a loss
• February 19, 2010 Administration to provide more aid to homeowners
• February 11, 2010 Softer exits than foreclosure
• February 10, 2010 Underwater mortgages halt some move-up buyers

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.
• 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.
• 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.

BookNotes

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