Cheryl Aichele: Rodriguez asserts that in addition to the threat against Marroquin, Redy used high-pressure tactics to get her sign away her Rights.
Cheryl Aichele: Occupy Activists aim to highlight the fraudulent ways in which the nation’s largest mortgage servicer forecloses on millions of innocent families.
Cheryl Aischele: Occupy Fights Foreclosures (OFF), a sub-committee of Occupy LA, joined neighbors in the South Adams community to help a widow who fell victim to foreclosure fraud by at least three companies.
Kwazi Nkrumah: Foreclosure Crisis Continues – There are over 3.5 million American households that are over 4 months in arrears in their mortgage payments.
Matt Ward: Nationwide, the Occupy movement’s defense of foreclosed homes and individuals is an embodiment of the compassion espoused by the history’s greatest prophets and philosophers.
Kwazi Nkrumah: After U.S. housing prices peaked in mid-2006 and began a sharp decline thereafter, refinancing became more difficult.
Sharon Kyle: Kamala Harris’ broad smile and “down home” style was gobbled up by the crowd as members of the African American Caucus listened and showed support for their Attorney General.
Sharon Kyle: Kamala Harris emphasized the need to continue to chip away at the forces behind this crisis, stating that she and her team have instituted a Mortgage Fraud Strike Force which has been created to protect innocent homeowners and bring to justice those who defraud them.
Kwazi Nkrumah: For years the banks, real estate agents and investors in real estate securities on Wall Street were making money hand-over-fist. They did all this while pretending to break from their previous established history of gross discrimination and red-lining against the disproportionately non-white borrowers whose limited financial resources forced them into “sub-prime” status in the first place.
Dick Price: Occupiers expressed satisfaction that their concerns had been heard by Wells Fargo leaders, but frustration that little concrete action had been taken and no promises made for future steps.
Carl Bloice: There are an estimated 3.5 million seriously delinquent mortgages out there. There were nearly 2.7 million foreclosure filings on about 1.9 million homes last year. That’s down from 2007, but it’s still about one out of every 69 homes in the country.
Peter Dreier: Perhaps because so many Occupiers have recently been evicted from their encampments in cities across the country, they have found common cause with the growing number of American families facing foreclosure.
Brent Budowsky: The sin of the supercommittee is that it has merely mirrored the old-think politics it was created to rise above.