Phoenix We did the first direct action with Arizona Advocates & Actions yesterday as 20 Bank of America mortgage holders demanded that their modifications finally be fast tracked at the BofA Service Center in Phoenix yesterday. That’s the good news! The rest sucks, as we look around the country heading into the midterm elections. A …
Category: Advocates and Actions
New Program: More Bailout, More Drowning
New Orleans President Obama, Secretary Geithner, and the rest of the hapless pickup crew that flubs around in the housing and foreclosure crises came together to “repurpose” yet more of the TARP money that was set aside for home mortgage modifications that might prevent foreclosures and threw $15 billion of the total at some homeowners …
Modifications Lost in Incompetence
New Orleans Tomorrow in Phoenix Advocates & Actions will release a report called “Modification Mysteries: Playing Foreclosure Roulette with the Banks.” The report will not only document the huge ineptness of the Treasury Department and the banks in handling foreclosure modifications (as I discussed last week less than $250 million has been spent of the …