[Update: Date for protests added] The Association of Community Organizations for Reform Now (ACORN) announced it’s targeting servicers it says aren’t complying with the guidelines of the Making Home Affordable Modification Program (HAMP) in its latest protest campaign. In the first phase of ACORN’s “Home Wrecker” campaign, it used demonstrations in cities nationwide to protest servicers who hadn’t signed on to HAMP, targeting what it called the “Home Wrecker Four” — OneWest, Litton Loan Services, American Home Mortgage and HomEq — which all eventually signed onto the program. In phase two, ACORN said it will use the same protesting techniques to target servicers who it claims are continuing foreclosure proceedings on HAMP-eligible borrowers. ACORN will organize protests on August 19 in Los Angeles, Dallas, Wilmington and New York City, and the campaign may be expanded it include protests in Lansing, Houston, Hartford, Seattle and Little Rock. While it conducts its protests, ACORN said it will also work with servicers to develop strategies to improve the program’s effectiveness. Write to Austin Kilgore.

Most Popular Articles

Here’s how to use Fleq to buy a home without a mortgage

You asked, and we answered. A Pittsburgh startup company is introducing a new way to look at homeownership, and it creating quite a stir. But after our first Q&A with the company, readers still had more questions. Here are more answers to exactly how a no-mortgage home buying process would look.

Jan 20, 2020 By

Latest Articles

NYC real estate data firm Actovia salvages competitor CrediFi from the scrap heap

Just a few weeks ago, it looked like CrediFi, a commercial real estate data and analytics provider that had raised nearly $30 million in funding over the last five years, was mere days from shutting down. Now, it looks like the company has been saved from the chopping block, at least in some form, by one of its competitors no less.

Jan 22, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please