News Clippings April 26th – 29th

Save Eric Lungren’s Home — Occupy the Auction Dance Party on Friday (Occupy Bernal)

…as of the morning of April 27, 2012: Wells Fargo has postponed the auction of Eric and John’s home..

Eric and John live in Bernal and Eric is a Foreclosure and Eviction Fighter and active member of Occupy Bernal. They went through a difficult financial time, but are now both employed and have the funds to make regular payments on a renegotiated loan, which Wells Fargo has refused to provide.

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Turning the Tide: Preventing More Foreclosures and Holding Wrong-Doers Accountable (Center for American Progress)

Principal reductions would save ((Fannie and Freddie)) about $10 billion compared to doing nothing, and $1.7 billion compared to alternative foreclosure mitigation tools, according to data released earlier this month.

California foreclosure relief bills take an unusual route (LA Times)

According to Senate President Pro Tem Darrell Steinberg (D-Sacramento), the conference committee is the best way to “expeditiously” negotiate reforms that could win passage from a majority of lawmakers, possibly over the next few weeks…

“There are more than 500,000 California homeowners in the foreclosure pipeline, and securing them the protections of the Homeowner Bill of Rights is my central concern,” Harris said.

Woman fighting foreclosure arrested in appeal to Wells Fargo CFO (MSNBC)

A woman engaged in a bitter battle with Wells Fargo over foreclosure of her southern California home was arrested late Thursday at the tony residence of the bank’s CFO in San Marino…

Wilson, who has cerebral palsy, lives with her husband, who works as a school janitor, her teen son and her mother, who helps care for her…

The trouble covering the mortgage started when she was treated for breast cancer in 2009, and her husband’s income declined as a result of cutting hours to help take care of her.

Occupy Miami Moves Into Wells Fargo Lobby in Coral Gables To Protest Foreclosures (VIDEO) (Huffington Post)

Members of Occupy Miami moved into the lobby of a Coral Gables Wells Fargo bank on Wednesday… Making themselves comfortable in the lobby, the group set up a table surrounded by chairs and played dominoes…

The living room staging was a part of Occupy Miami’s “American Spring Cleaning” movement, which will culminate at a protest scheduled May 1 at the Torch of Friendship in Bayfront Park.

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