Forum Post: Actions for transformation:
Posted 13 years ago on Oct. 12, 2011, 2:37 a.m. EST by ComplexMissy
(291)
This content is user submitted and not an official statement
The main point: http://www.youtube.com/watch?v=FoU-bAcd2Qw
Here is the full version: http://www.youtube.com/watch?v=1gKX9TWRyfs
We're on the right track!
We should take the following into our demands AND straight to the steps of the banks: that they immediately increase and reform their loan modifications, to keep many millions more Americans in their homes and out of foreclosure; and that banks disclose information about and immediately desist from fraudulent practices such robosigning of legal documents to foreclose on people.
From the LA Times, Oct 6 2011: [see http://www.latimes.com/business/realestate/la-fi-housing-scorecard-20111006,0,4672740.story] :
" Last month, the Treasury Department said that Bank of America Corp. and JPMorgan Chase Bank were in "substantial" need of improvement in helping troubled borrowers modify their mortgages and that those two banks would be denied financial incentives for completing modifications until their performance in the program improved.
Wells Fargo & Co. and Ocwen Loan Servicing, after previously being on the list of banks that needed "substantial" improvement, were categorized in the Treasury report as needing only "moderate" improvement, as were American Home Mortgage Servicing Inc., CitiMortgage and Select Portfolio Servicing Inc.
The banks that were in need of minor improvement included GMAC Mortgage, Litton Loan Servicing and OneWest Bank, the government said."