Wells Fargo, NACA Collaborate on Programs to Benefit At-Risk Mortgage Customers
Fannie Mae and Freddie Mac, the Neighborhood Assistance Corporation of America (“NACA”), says the government has the opportunity, authority and responsibility to prevent millions of homeowners from losing the American Dream.
Calls on President Bush to delay signing of Housing and Economic Recovery Act
The Government abandons at-risk homeowners
National model providing long-term solutions for at-risk homeowners
Bear Stearns was instrumental in providing the funding for the largest predatory lenders such as New Century and many others.
NACA has most credibility to address this issue since its CEO, Bruce Marks congressional testimony predicted the GSE bailout resulting from their involvement in subprime lending and NACA work on behalf of at-risk homeowners.
This is an unprecedented recognition by one of the country’s newspapers of record.
NACA calls President Bush's Mortgage Rescue Plan unprecedented with very limited impact.
Tens of thousands of homeowners at risk of foreclosure will now be able to keep their homes by restructuring loans to what the borrower can afford.