(Boston, MA) The Neighborhood Assistance Corporation of America’s (NACA’s) national model of restructuring or re-underwriting loans to keep people in their homes has received a major boost. Citigroup, the world’s...
NACA Identifies Continued Predatory Lending by Fannie Mae
(Washington, D.C.) NACA is holding a press conference at the National Press Club on Tuesday July 29th at 10:00 a.m. to expose Fannie Mae’s continued activities in predatory lending practices including...
NACA & Homeowners Protest Bailout of Bear Stearns
(Boston, MA) It is unconscionable that while the Federal Reserve and the Bush administration commit billions of taxpayer dollars to the very institutions who created and profited from the mortgage...
Tens of Thousands of Homeowners Flock to NACA’s Columbia S.C. Save the Dream Event to Restructure their Mortgages
(Columbia, SC) Starting on Friday, March 13th at 9:00 a.m. through Monday, March 16th, the Carolina Coliseum (701 Assembly Street) in Columbia, South Carolina will turn into a mobile servicing...
Boston Globe Names Bruce Marks, NACA CEO, Bostonian of the Year
(Boston, MA) The Boston Globe has chosen Bruce Marks, founder and CEO of the Neighborhood Assistance Corporation of America (NACA), as its 2007 Bostonian of the Year. This is an...
NACA Calls President Bush’s Mortgage Rescue Plan Unprecedented but With Very Limited Impact
(Boston, MA) The Neighborhood Assistance Corporation of America, (NACA) recognizes the extraordinary precedent that President Bush is taking to address the mortgage crisis, but it critical of its limited impact...
NACA Calls Mortgage Rescue Plan a Start but Lacks Strength to Save Homes
(Boston, MA) The Neighborhood Assistance Corporation of America, (NACA) applauds the mortgage industry’s expected plan to freeze interest rates for subprime borrowers but worries the deal won’t go far enough....
NACA & Countrywide Agreement Viewed as Best Foreclosure Prevention Solution
(Washington, D.C.) “Help Now” for homeowners at risk of foreclosure is what members of the House Financial Services Committee are calling the agreement between the Neighborhood Assistance Corporation of America...
NACA & Countrywide Setting the Lending Standard
(Washington, DC) Thanks to a legal agreement between the Neighborhood Assistance Corporation of America (NACA) and Countrywide Financial Corporation, tens of thousands of homeowners at risk of foreclosure will now...
Countrywide and NACA Announce Groundbreaking Initiative to Help Borrowers Preserve Homeownership
(Washington, D.C.) Countrywide Financial Corporation (NYSE:CFC) and the Neighborhood Assistance Corporation of America (NACA) announce a joint initiative aimed at their common goal of preserving homeownership. NACA will assist Countrywide...
Break Through in Foreclosure Prevention
(Washington, D.C.) The Neighborhood Assistance Corporation of America will announce the first major breakthrough that will provide unprecedented homeownership opportunities for many working people at risk of foreclosure, including the...
Countrywide Boycott Begins
(Jamaica Plain, MA) On Thursday, October 11th at 12:00 p.m. at NACA’s headquarters (3593 Washington Street, Jamaica Plain, MA), a nationwide boycott of Countrywide Financial Corporation will begin. The boycott...