Housing
More on Housing
by Joseph Pimentel
California Assemblymember Ted Lieu (D-CA) and Congresswoman Maxine Waters (D-CA) are seeking a moratorium on foreclosures from banks while also calling on state and federal regulators to investigate them for possible illegal and improper actions.
Recently, banks like Ally Financial's GMAC mort-gage unit and JP Morgan Chase's mortgage unit both revealed that employees had signed and fi led thousands of affi davits in order to foreclose on properties without giving them appropriate review.
by John Taylor, President and CEO of the National Community Reinvestment Coalition
If Washington is serious about addressing job creation, the White House and Congress should support the expansion of a 33-year-old law, the Community Reinvestment Act (CRA), legislation that has invested over a trillion dollars into our economy during the past decade.
And, they don't have to spend a dime of taxpayer money.
By Robbie Whelan
Opponents of a newly-designed fee attached to the sale of homes have succeeded in getting the ear of Congress.
On Thursday, the Coalition to Stop Wall Street Home Resale Fees, an advocacy group representing special interests in the real estate title and brokerage industries, sent around a statement applauding Congresswoman Maxine Waters and several other congresspeople for sponsoring a bill to ban private transfer fees on real estate.
As promised, the Congresswoman re-convened another town-hall style meeting with lenders pressing the case for access and inclusion of Black realtors in the lending process
By Yussuf J. Simmonds
Both seek equality and protection
by Joseph Wright
Congresswoman Maxine Waters was the keynote speaker at a recent forum designed to help Black and other non-White businesses, as well as those run by women, gain greater access to major banks and brokers to help sustain and establish their corporations.
"Since the recession really took hold in December 2007," the congresswoman explained, "about 2.3 million homes have been repossessed by banks. Currently, about one in 10 American households, with a mortgage, is at risk of foreclosure."