The Federal Housing and Finance Authority (FHFA) is taking dramatic actions against homeowners, and cities working to fix the housing crisis. Just, this morning, Mark Harris, a Desert Storm veteran in Atlanta, who was highlighted in the Alliance’s report Wasted Wealth: How the Wall Street Crash Continues to Stall Economic Recovery and Deepen Racial InequityContinue reading “FHFA, Fannie and Freddie Stage A Last Ditch Effort to Squash Homeowners”
The Insight Center for Community Economic Development released its latest report finding the payday lending industry cost the American economy $774 million in 2011, causing the estimated net loss of more than 14,000 jobs. Add in the costs caused by an increase in Chapter 13 bankruptcies from borrowers unable to keep afloat of the drainingContinue reading “Payday Lending is a Drain on the U.S. Economy”
Community Rally Hits One Consistent Message: Get Rid of Ed Demarco Fred and Sophia Patterson have a mortgage that was bought from Bank of America by Freddie Mac. When Mr. Patterson had his identity stolen, he lost everything, and asked for some assistance. The Pattersons accepted a temporary loan modification and continued to payContinue reading “The Housing Crisis in Pueblo, Colorado”
Oregon Action! nailed another victory to move municipal money out from under major banks. After many months working to engage local municipalities on responsible banking practices, OA! moved the Ashland City Council to unanimously pass a resolution authorizing the city to move some of its money out of Wells Fargo and to establish accounts atContinue reading “Ashland, OR: Another Victory for Local Banking”
A term that apparently means nothing to the banks of Colorado and the Alliance affiliate, Colorado Progressive Coalition is set to make the banks understand just what that phrase means. But for homeowners: it means a lot more. A chain of title is the sequence of historical transfers of title to a property. The “chain”Continue reading “Introducing Chain of Title in Colorado and other Protections for Homeowners.”
From Ron Williams, Executive Director, Oregon Action Alliance for a Just Society affiliate Oregon Action testified in front of the Portland City Council on May 9th in support of a local ordinance that would divest money out of Wells Fargo and into local community banks and credit unions.
The next step in our campaign to take on the big banks pay and win relief for homeowners is to disrupt business as usual at shareholder meetings across the country. The goal of these actions is to build off the fall mobilizations and the Occupations to keep up the street heat holding the 1%Continue reading “Alliance for a Just Society leaders shut down the Wells Fargo Shareholders Meeting”
Alliance for a Just Society bank teams in Washington, Texas, Colorado and Idaho had a busy week, making headlines with everything from birdogging presidential candidates to passing city ordinances. Romney Action in Seattle – Washington CAN and Working WA teamed up to greet a fundraiser for Mitt Romney in Bellevue yesterday. Protestors mocked the $2500Continue reading “Big Week for Alliance Bank Teams”
As bad as it is to lose your home, you shouldn’t lose your health along with it. But it seems like that’s what happening, according to new research from economists at Princeton and Georgia State.
Forty homeowners and clergy members traveled across the country on Tuesday to Chicago’s Drake Hotel to welcome and urge the nation’s states’ Attorneys General to stand firm for a strong settlement agreement with the big banks. While the Attorneys General gathered for their NAAG summer meeting, members of the New Bottom Line brought along “welcomeContinue reading “Homeowners Present New Bottom Line to Attorneys General”