New Orleans On a plane recently the window seat passenger next to me was a regional training manager for the largest consumer credit counseling outfit in America. She told me they were cutting out a huge portion of their low income home counseling efforts because of cutbacks at HUD. A recent article in the New …
Category: Financial Justice
The Mortgage Blame Game Still Leaves Homeowners without Help
New Orleans Now the Federal Housing Finance Agency has indicated that it will file suit against a gang of giant financial institutions for their sloppy work and lack of “due diligence” in assembling securitization pools of home mortgages. Their aim is to collect billions of dollars that were lost in this way by Fannie Mae …
Mega Troubles for Microfinance
Buenos Aires Today ACORN International released a shocking report, Mega Troubles for Microfinance (www.acorninternational.org), as the result of months and years of first skepticism and now study of the claims and contradictions of the industry. In a letter to policy makers, politicians, and development agencies throughout the world, signed by ACORN International President Kay Bisnah …