Posts Tagged ‘banks’
Backed by new law, homeowners in Richmond, Oakland, fight to protect homes from foreclosure
When Oakland resident Debi Mason set out to prevent mortgage associates from the Bank of America from foreclosing on her sister Patricia’s Maxwell Park home in 2007, she had only a few friends, neighbors and advocacy groups to help fend off the foreclosure. But last week, Mason, along with thousands of homeowners in Bay Area…
Read MoreOakland residents call for freeze on foreclosures
Oakland residents converged Tuesday on an East Oakland street that has been blighted by foreclosures, calling for a freeze on foreclosures until the Homeowners Bill of Rights comes into effect in January, 2013. California Governor Jerry Brown signed the bill into law on July 2, which and will prevent banks from forcing families their homes while they are still negotiating mortgages settlements.
Read MoreCredit unions see a boost in membership after Bank Transfer Day
Bank Transfer Day was an initiative started by a Los Angeles art gallery owner that urged people to move their money from commercial banks to credit union accounts by Saturday, November 5. According to the Credit Union National Association (CUNA), a Washington D.C.-based coalition of state-chartered credit unions, 650,000 people have joined its member institutions since September 29, one week after the launch of the Occupy Wall Street protests.
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