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Baton Rouge Community Revitalization Fund Application

Posted on 12. Feb, 2014 by in 2014 News, Blog, Homeownership Protection News, News, Participate (for sidebar)

foreclosurehousesignIn June 2013, the US Department of Housing and Urban Development reached an historic conciliation agreement with Wells Fargo Bank, N.A. The agreement resulted from a federal housing discrimination complaint originally filed by the National Fair Housing Alliance (NFHA), GNOFHAC, and 12 other fair housing organizations around the country. The complaint alleged that Wells Fargo-owned properties in white neighborhoods were much better maintained and marketed than homes in African-American and Latino neighborhoods, which would be a violation of the Fair Housing Act. As part of the agreement, GNOFHAC will administer a fund to provide programs and services to promote homeownership, neighborhood stabilization, property rehabilitation, and development in communities of color.

Apply Now!

Read More…

Who’s to Blame?

Posted on 05. Apr, 2013 by in Blog, Participate (for sidebar), Road Home, Uncategorized

The HUD Inspector General just issued a report saying that 85% of homeowners who received elevation incentive grants through the Road Home Program have failed to elevate their homes. I can’t say I’m surprised by this- the Road Home Program’s failings have been well-documented over the years, and this is just another case of incompetence on the part of the State of Louisiana and its contractors.

The Road Home decided in 2008 that rather than have homeowners elevate their homes and then be reimbursed for elevation work, every applicant who chose to rebuild could get a flat $30,000 for elevation. It did not matter if:

1. The house even needed to be raised

                                     or

2. If the cost would far exceed the paltry sum of $30,000, which in most cases it did. Read More…

Housing Counseling Saves Homes

Posted on 24. May, 2012 by in Blog, Homeownership Protection Actions, Participate (for sidebar)

Download the report

Click to download the report

This recently released HUD study, Foreclosure Counseling Outcome Study: Final Report, shows that foreclosure prevention counseling helps homeowners keep their homes. This backs up what we at the Fair Housing Action Center have been saying for years: housing counseling works, and more funding needs to be made available for programs like the Homeownership Protection Project that help prevent unnecessary foreclosures.

According to the study, most homeowners attempted to contact their mortgage company when they fell behind on their mortgage, but were unsuccessful in negotiating with their mortgage company on their own. With the help of a certified housing counselor, 69% of participants were able to resolve their delinquency and become current on their loan. Homeowners who sought counseling before becoming delinquent had the best chance of staying current on their mortgage, with nearly 70% still in their homes 18 months later. Read More…

Some Answers, and Still More Questions

Posted on 23. Feb, 2012 by in Blog, Participate (for sidebar)

Foreclosure noticeAfter over a year of investigation and negotiations, 49 state attorneys general (including Louisiana), the federal government, and the country’s 5 largest mortgage companies- including Ally Bank/GMAC, Bank of America, Citi, JP Morgan Chase, and Wells Fargo- agreed to a $26 billion settlement over the robo-signing controversy that came to light in the fall of 2010.

Robo-signing refers to a practice where banks attempted to speed foreclosures by using forged or “robo-signed” signatures on loan documents.  The revelation over the past fourteen months that banks foreclosed on individuals with false or incomplete documentation contributed to national outrage over unfair and abusive foreclosure practices and their devastating impact on families, communities, and the national economy. Read More…

Important News for Homes in Foreclosure Between 1/1/09- 12/31/10

Posted on 11. Nov, 2011 by in Blog, Uncategorized

FREE Independent Foreclosure Review
  •  Was your mortgage on your home in active foreclosure at any time between January 1, 2009 and December 31, 2010?
  • Is your mortgage company on this list?: Read More…