Clippings 7/19 – 7/22

Detroit Eviction: Jennifer Britt Works With Nonprofit And Occupy Detroit To Stop Home Foreclosure (Huffington Post)

Supporters of a Detroit woman facing eviction arrived at her home at 6 a.m. Thursday morning to begin a long-term vigil, following a writ of eviction signed by a 36th District Court judge.

Occupy Noe Valley Tries to Save More Homes (SF Weekly)

Since Occupy Bernal has proven to be the only local Occupy group to actually get shit done, homeowners in Noe Valley went ahead and formed a similar movement, riffing off Bernal’s model of not occupying… Tomorrow, Occupy Noe will start collecting signatures at the Noe Valley Bank of America to protest the pending foreclosure of one of their dear neighbors: the Musni family.

Stop the Foreclosure of Ken Greene! (Occupy Detroit)

Ken Greene’s parents bought their home in Wyandotte more than 70 years ago. Ken and his wife became owners 30 years ago and raised their family in the home; his wife passed there. Ken’s son is an active-duty Marine who is home on leave before assignment overseas. This is his home… Now Chase Bank and Freddie Mac are attempting to foreclose and evict Mr. Greene.

Countrywide whistleblower reveals rampant mortgage fraud part of ‘everyday business’ (The Raw Story)

“This is a mountain that people think is a molehill,” Foster told AlterNet. “As far as this type of financial crime, things are far worse than I would have ever imagined. In my furthest imagination I would have been challenged to come up with the things I have seen play out.”

… Yet years later, we still find ourselves debating who’s at fault for the mortgage crisis, with all too many people still attempting to place the blame on the backs of borrowers who bought houses they couldn’t afford. Foster doesn’t buy that, not after what she saw…

…the banks are simply too powerful and their hold on politicians too strong.

Battle on over plan to seize mortgages (Kathleen Pender, SF Chronicle)

Expanding ((eminent domain)) further to allow seizure of financial assets such as mortgages is a radical idea.

Foreclosure crisis hits older Americans hard (Associated Press)

More than 1.5 million older Americans already have lost their homes, with millions more at risk as the national housing crisis takes its toll on those who are among the worst positioned to weather the storm, a new AARP report says.

Older African Americans and Hispanics are the hardest hit.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s