The Association of Community Organizations for Reform Now has launched a telephone and door-to-door campaign financed by Countrywide Financial Corp. to find Gulf Coast evacuees and put them in touch with their lender.The program is being undertaken in Houston, Dallas, San Antonio, New Orleans, and Baton Rouge, La. The canvassing follows newspaper advertisements placed by Countrywide last month that encouraged its customers to call the company and listed the ACORN Housing Helpline as an intermediary for customers of other mortgage companies. "ACORN Housing has been able to assist almost all the Katrina survivors we have worked with in making arrangements with their lender to protect their home and their finances," said Dorothy Stukes, president of the ACORN Katrina Survivors Association. "But everyone needs to get in contact with their lender or ACORN Housing as soon as possible." Michael Gross, managing director of mortgage servicing at Countrywide, noted that the company has suspended mortgage payments and credit reporting for customers victimized by the storm, but that "despite our best efforts to reach them, there are still a number of customers who we have been unable to reach, limiting our ability to provide assistance to them." The company, based in Calabasas, Calif., can be found online at http://www.countrywide.com.
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Anthropic's head of banking told New York Banking Summit attendees that the future is agents that operate autonomously alongside employees.
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The industry association said total multifamily mortgage debt alone increased by $23 billion, or 1% in Q1, representing a $2.32 trillion increase from Q4 2025.
June 18 -
Chair Travis Hill said SVB showed banks can't always sell securities fast enough to cover deposit outflows, but acknowledged the "stigma problem" with discount window borrowing remains unsolved.
June 18 -
The merger will bolster existing safeguards against AI threats, while providing a tool that should appeal to young homebuyers, leaders of the companies said.
June 18 -
At a conference in New York, Joseph Otting reflected on the difficult hiring decisions he made early in his tenure heading Flagstar Bank, which just two years ago was on the verge of collapse.
June 18 -
Economic uncertainty and higher rates in May contributed to the second decline in applications for new homes on an annual basis, reversing March gains
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