While President Obama speaks about foreclosure today, his Jobs Advisor has escaped accountability for his role in the same crisis. GE was Worst Lender in Prince William Area During Subprime Lending Spree, Targeting Recent Immigrants Read more about News Release: Northern Virginia Religious Leaders Fire GE CEO Immelt
A crowd of Northern Virginia residents and clergy members marched to General Electric's offices in Washington DC today, demanding that the company's CEO, Jeffrey Immelt, take responsibility for helping homeowners who received subprime loans from the company's now-closed mortgage arm, WMC Mortgage Corp. Read more about Virginians Protest General Electric Over Foreclosures
Since launching our Foreclosure & Subprime Lending Accountability Campaign in April 2011, VOICE has: Read more about $360,000 for Non-Profit Mortgage Counselors & Streamlining the Mortgage Modification Process for Prince William Homeowners – 2011 & 2012
One of the first things you notice upon entering Holy Family Catholic Church off Ferndale Road is a large bin for food donations to supply the parish’s food pantry. Read more about Bringing Justice to the Downtrodden
In April 2011 we launched the Foreclosure & Subprime Lending Accountability Campaign because the Prince William area had the highest number of foreclosures in Virginia – more than 16,000 - and had the 26th highest percentage of underwater mortgages in the country with 47.4% of homes underwater. Read more about 1. Rebuilding from the Housing Crisis in Prince William County
Prince William County area activists continue to work with financial institutions on solving the area's foreclosure crisis. At an event Sunday, Bank of America pledged money to pay for three HUD-certified housing counselors. Read more about VOICE Gets Commitment From Banks in Foreclosure Fight
In our second half hour, we spoke with Rev. Keith Savage, and Rev. Clyde Ellis of VOICE. The organization is helping victims of the foreclosure crisis in Prince William County, and making sure big banks are being held accountable for their role. Read more about Foreclosure Help on NewsTalk with Bruce DePuyt
Members from more than 40 religious institutions across Northern Virginia are asking some of the country’s largest banks to commit to helping rebuild neighborhoods that have been devastated by housing foreclosures. Read more about Interfaith group seeks help from banks in housing crisis
The foreclosure crisis is striking Prince William County, Va. particularly hard and homeowners there are demanding banks work with the community to stem the tide.
Homeowners in Woodbridge are furious with big banks. Many families report that banks have lost their payment information or their mortgage papers, yet the financial institutions still proceed with foreclosures anyway. On top of that, 6,000 families are behind on their mortgage payments, even though interest rates are at historic lows. Read more about In Woodbridge, Foreclosures Hit Hard
President Obama's new plan to help millions of people stay in their homes by refinancing their mortgages at low rates raised hopes of easing the housing crisis.
But federal budget cuts have sharply reduced the number of housing counselors who can help distressed homeowners in the nation's hardest hit communities. Banks that own the properties are slow to pick up the tab. Read more about As Foreclosures Surge, Help Is Often Hard to Find