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One Mortgage Product - $10 Billion Committed
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Fixed 30 Year (as of 05/12/2008)
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NACA is a national non-profit community advocacy and homeownership organization providing the best homeownership program in America
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Homeowners from around the nation stormed the Midtown Manhattan lobby of investment bank Bear Stearns to protest the taxpayer bailout at the expense of struggling hard working Americans.
More than 200 homeowners crowded the lobby waving signs and shouting chants before we were escorted out by police an hour later.
"We want the CEOs to know how it feels when someone takes over their home," said Bruce Marks, founder and CEO of NACA. "We came to say, 'Stop the bailout of the corporations who profited from the mortgage crisis.'"
Homeowner’s chanted help "Main Street, not Wall Street," NACA blames Bear and JPMorgan Chase, which is taking over the investment bank, for fueling the mortgage crisis. Bear Stearns was instrumental in providing the funding for the largest predatory lenders such as New Century and many others.
“I want to thank all our members for making this protest a success, but the fight continues as we demand fairness and equity in this mortgage crisis. More protests will be planned.” Said Marks.
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| NACA IN THE NEWS |
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 Bruce Marks, NACA CEO, Boston of 2007 12/31/2007 |
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 Politic Foreclosure 4/03/2008 |
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newsvoa.com
Homeowners Facing Foreclosure Seek Help 04/01/2008 |
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 Policing the Financial System 3/31/2008 |
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 Protesters enter Bear Stearns building in NY 03/26/2008 |
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 Homeowners Protest at Bear Stearns 3/26/2008 |
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 Bear Stearns Bailout Protest 03/26/2008 |
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 Homeowners Protest Bear Stearns Bail Out 03/26/2008 |
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Bloomberg.com Protesters Enter Bear Stearns Lobby 03/26/2008 |
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www.NY1.com Homeowners Protest Bear Stearns Bail Out 03/26/2008 |
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 Bear Stearns Bailout Protest 03/26/2008 |
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 Project Lifeline 02/12/2008 |
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 Bush Freezes Foreclosures 02/12/2008 |
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 Countrywide Plan 02/01/2008 |
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 Predatory Lending 01/19/2008 |
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 NACA Brokers 01/19/2008 |
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 Bruce Marks, NACA CEO, Bostonian of 2007 12/31/2007 |
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 Fending Off Foreclosures 12/06/2007 |
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Bloomberg.com Subprime Proposal `Too Limited` 12/06/2007 |
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 Plan To Slow Foreclosures 12/06/2007 |
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 Bush announces 5-year mortgage freeze 12/06/2007 |
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 Countrywide Changes Terms 11/20/2007 |
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 Countrywide and NACA Stop Foreclosures 11/13/2007 |
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 Countrywide and NACA Help Borrowers 11/13/2007 |
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House Financial Services Committee Testimony 11/02/2007 |
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 Rising Foreclosures 11/01/2007 |
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More Press Clips and Videos |
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