Clippings 8/19 – 8/23

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BERKELEY, Ca. CJ Holmes, a leading foreclosure analyst and critic of the government’s response to the foreclosure crisis, will host what may be the first show of its kind in the nation beginning Friday (Aug. 24) from 10-11 a.m. on Pacifica Station KPFA 94.1FM and KPFB 89.3FM and live streamed at http://www.KPFA.org. Call in numbers for the show are 510-848-4425 and 800-958-9008…

Holmes, founder of Home Owners For Justice (www.hofj.org), will promote activism we can do as individuals, as groups, and as a nation to achieve the reforms we need.

Chicago Anti-Eviction Campaign (ChicagoAntiEviction.org )

The Chicago Anti-Eviction Campaign will Enforce our Human Rights To Housing and continue fighting to stop all economically-motivated evictions in Chicago. We are no longer willing to wait for any authority to institute our human right to housing. We the People are Enforcing Our Human Rights!

San Bernardino Eminent Domain Proposal Arousing Concern From Mortgage Industry
(Huffington Post)

“We believe using eminent domain would reduce access to credit for borrowers and would, at a minimum, result in lengthy and costly litigation,” said Timothy Cameron, a managing director of the Securities Industry and Financial Markets Association.

Banks make unsolicited refinance offers (San Francisco Chronicle)

In May, Bank of America began sending letters to about 200,000 struggling homeowners offering to reduce their principal by an average of $150,000.

Cautious Moves on Foreclosures Haunting Obama (New York Times)

The administration did not push for legislation to make mortgage companies help borrowers. The financial incentives it offered were often insufficient. And it responded slowly to warnings, including those in letters homeowners sent to Mr. Obama, that companies were not cooperating.

New Video: President Obama, fire Ed DeMarco! (Rebuild The Dream)

Jaime Gonzalez, a retired police officer and grandfather living in Florida, was hit hard by the housing crisis and now owes more money on his home than it’s worth. Watch Jaime’s story and find out about one man standing in the way of help for homeowners

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2 Responses to Clippings 8/19 – 8/23

  1. Elaine says:

    Tell me why conventional loans that are underwater and is not owned by Fannie Mae or Freddie Mac cannot get and help with the programs that Obama and his team for “making home affordable”. None of these programs help with folks that fall in this category

    • JP Massar says:

      Freddi and Fannie and hence their mortgages are owned by the government. Other mortgages are owned privately by banks, and Congress refuses to pass legislation forcing banks to restructure loans.

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