Foreclosure

May 23 2011

Those who perpetrated crimes and frauds walk free

LOS ANGELES, Calif.—A special task force of attorneys, including some in Los Angeles, will be cracking down on people and companies involved in mortgage fraud, Attorney General Kamala Harris announced today.

The Mortgage Fraud Strike Force will prosecute illegal activity at every stage of the mortgage process, from loan originators to investment firms that improperly market mortgage-backed securities to California investment boards, Harris said.

May 5 2011

Homeowners warned about loan modification tricks

“It’s OK to say no to paying for a loan modification.”

That comment from Lori Gay, president and CEO of the Los Angeles Neighborhood Housing Services (LANHS), underscored the seriousness of a new national campaign that the United States Department of Housing and Urban Development (HUD) has launched in three pilot cities—Los Angeles, Miami and Chicago.

Oct 7 2010

Attorney General asked to act

BERKELEY, Calif.—The Greenlining Institute Wednesday called for a 90-day moratorium on foreclosures in California and asked Attorney General Jerry Brown to join the push to halt foreclosures until it can be confirmed that California consumer protection laws are being followed.

Joseph Wright  |   OW Senior Staff Writer
Sep 2 2010

Both seek equality and protection

Congresswoman Maxine Waters was the keynote speaker at a recent forum designed to help Black and other non-White businesses, as well as those run by women, gain greater access to major banks and brokers to help sustain and establish their corporations.

“Since the recession really took hold in December 2007,” the congresswoman explained, “about 2.3 million homes have been repossessed by banks. Currently, about one in 10 American households, with a mortgage, is at risk of foreclosure.”

Juliana D. Norwood  |   OW Staff Writer
Mar 11 2010

Money available for loan fraud victims

The First Greater Los Angeles Neighborhood Stabilization Council (FGLANSC) is hosting a foreclosure stabilization summit called “Operation Nextstep” on March 27th from 9 a.m. to 5 p.m. at the Los Angeles Convention Center in West Hall, Meeting Room 408AB.
FGLANSC is a non-profit organization involved in addressing issues that threaten to destabilize the social order of neighborhoods and harm its citizens.

Across Black America

Here’s a look at African American people and issues making headlines throughout the country.
 

Alabama
Freeman A. Hrabowski, president of the University of Maryland, Baltimore County, will address the annual African American Business Council luncheon on June 28. Hrabowski, who is chairman of President Barack Obama’s Advisory Commission on Education Excellence for African Americans, has a national reputation for his work studying the performance of minority students in math and science. Hrabowski, named one of the 10 best college presidents in the country by Time magazine, was a child leader in the Civil Rights Movement in Birmingham in the 1960s.
 

Arkansas
The Liberty Counsel filed a motion and a brief in United States District Court for the Eastern District of Arkansas seeking to intervene on behalf of a Concepts of Life crisis pregnancy center to defend against a suit filed by the American Civil Liberties Union and the Center for Reproductive Rights. The groups seek to impose a permanent injunction before the Human Heartbeat Protection Act goes into effect July 18. Liberty Counsel also filed a brief opposing the ACLU’s request for an injunction. The “Heartbeat” bill states that when a woman seeks an abortion at or after the 12th week, doctors must test for a fetal heartbeat before an abortion is performed and inform the pregnant mother that the child in her womb has a heartbeat. If a heartbeat is detected, a woman cannot have an abortion, except in cases of rape, incest, and if a mother’s life is in danger. “As we promised when the legislation was introduced, Liberty Counsel will defend this law without reservation for the people of Arkansas, born and pre-born,” said Matt Staver, founder and chairman of Liberty Counsel. “No right is more foundational than the right to life. Without life, all other rights are irrelevant,” concluded Staver.