Items Tagged with 'Community'


  • After Trials and Tribulations, ACORN Shuts it Doors

    The Association of Community Organizers for Reform Now (ACORN) will no longer be offering its services nationally, after a meeting of the board over the weekend. The fate of the local branches remains unclear. Although the majority will cease operation on April 1, as the non-profit continues to look for ways to settle its debts, some may rebrand themselves and maintain operations.
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  • ACORN Targets HAMP Noncompliance

    [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.
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  • HOPE NOW Hosts Foreclosure Counseling Events

    More than 4,000 distressed borrowers received foreclosure prevention counseling from the HOPE NOW Alliance at two separate events in the greater Las Vegas and Phoenix areas. The counseling was provided in partnership with NeighborWorks America, the Treasury Department as well as municipal and community-based housing groups. Participants could meet with representatives from their lender and counselors from Department of Housing and Urban Development (HUD)-approved organizations to pursue options to avoid foreclosure.
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  • FDIC's Bair: Fix This Mess, Or We're Stepping In

    FDIC chairman Sheila Bair warned Thursday that the pace of loan modifications has been too slow thus far, and suggested that the mortgage industry needed to move more quickly to help troubled borrowers. In remarks delivered at the Bear Stearns Mortgage and Structured Product Conference in New York, Bair said that loan modification efforts have been "way behind the curve." "We must see a pickup in the pace, and the sooner the better," she said.
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