(Newport Beach, CA) On Wednesday at noon busloads of more than 500 people will converge on the wealthy community of Newport Beach where the Global investment firm Pimco se encuentra (840 Newport Center Drive). NACA estará en las oficinas de los directores ejecutivos de Pimco, Bill Gross y Mohamed A. El-Erian, para que establezcan el estándar nacional para detener las ejecuciones hipotecarias y hacer que las hipotecas sean permanentemente asequibles. Esta es una continuación del Save the Dream Tour de NACA que, después de un gran éxito en Los Ángeles, ahora llevará a cabo eventos en Phoenix, Las Vegas y Oakland.
Pimco’s CEO, known as the “Mortgage King”, is the world’s largest bond investor. With over $800 billion in assets under management, he sets the standard behind the scenes on how mortgage modifications get done in this country. This is first time investors are going to be held accountable by the homeowners who are affected.
“Bill Gross through Pimco is the wizard behind the foreclosure crisis,” says Bruce Marks, NACA CEO. “It seems that the appropriate analogy is Dorothy in the Wizard of Oz” continues Bruce Marks. “Dorothy was desperate to go home and only after the wizard was exposed was this accomplished. Today there are millions of homeowners who are in fact desperate to go home. This can be accomplished on a large scale when Bill Gross, the mortgage wizard, advocates for long-term permanent affordable payments.”
With the support of Bill Gross and Pimco, millions of homeowners will have the opportunity to have permanent affordable payments. Thus the leading investor would join all the major servicers, who have legally binding agreements with NACA, to restructure mortgages on the most affordable terms in the country. This is an opportunity for the investor community to achieve a reasonable return by stopping foreclosures and restructuring mortgages with long-term permanent affordable payments.
Please contact NACA’s Communications and Public Affairs Director Darren Duarte, 617-947-2632 for details.
DÓNDE: 840 Newport Center Drive, Newport Beach, CA
CUÁNDO: 12:00 p.m.
QUÉ: Cientos convergen en Pimco en su sede en Newport Beach