Clipping 8/24 – 8/29

Occupy protesters gather outside foreclosed Van Nuys home (Los Angeles Times)

Occupy San Fernando protesters held an “Occuparty” on Monday morning outside a Van Nuys home in foreclosure. The home… belongs to Ulises Hernandez and his family. Protesters arrived over the weekend to show their support for the family, who were served eviction notices last Tuesday… About nine people, including four children, live in the home… No arrests have been made…

A Program for the Movement Against Foreclosures and Evictions — Break the Power of the Banks (Socialist Alternative)

After a string of seven improbable victories over Wall Street’s banks, Occupy Homes MN is increasingly held up as a national model for the housing rights movement, and for the potential of the Occupy movement to move beyond encampments and begin winning concrete victories for the 99%. The seven victories won so far are giving confidence to more homeowners to join the campaign and fight to save their foreclosed homes.

Yet even as the victories mount, many in the campaign are discussing how to shift gears from small-scale individual wins to broad, collective solutions to the housing crisis.

Fifteen Occupy Homes Minnesota organizers face up to two years in jail for peacefully linking arms outside a house when the police came to enforce a foreclosure. (Alternet)

After we had been peacefully occupying this house for over a month without any incidents, then they come in with a battering ram and blame us for disturbing the peace…”

Oakland homeowners can get amnesty for blighted property through Nov. 30 (Contra Costa Times)

Homeowners with blighted property can get a waiver on fines, penalties and interest through Nov. 30, the city announced this week.

The Blight Amnesty Program requires that people pay the original fees associated with the blight violation. But other fees for inspections as well as fines, penalties and interest will be waived. Applicable liens would be removed after requirements are met.

Tensions Escalate as DeMarco, Geithner Argue Merits of Principal Reduction (ForeclosureGate Gazette)

Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency today again stated his opposition to allowing Fannie Mae and Freddie Mac to participate in the Principal Reduction Alternative (PRA) of the Home Affordable Modification Program (HAMP). DeMarco’s agency which acts as conservator for the two government sponsored enterprises (GSEs) has opposed principal reduction on the part of the two companies despite growing pressure from Congress and the Department of the Treasury.

In a letter to the Chair and Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs DeMarco rebuffed an offer to use funds from the Toxic Asset Relief Program (TARP) to assist borrowers and said, “After much study, I have concluded the Fannie Mae and Freddie Mac’s adoption of HAMP PRA would not make a meaningful improvement in reducing foreclosures in a cost effective way for taxpayers.”

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