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.
-
A federal judge in Texas dismissed the Consumer Financial Protection Bureau's medical debt rule and prohibited states from passing their own laws prohibiting medical debt on credit reports.
9h ago -
Dr. Mark Calabria takes on the additional role of chief statistician of the United States; retired Ally Bank executive Diane Morais has joined First Citizens Bancshares' board of directors; MainStreet Bank has promoted Alex Vari to chief financial officer; and more in this week's banking news roundup.
11h ago -
While refinances are behind the latest increases, the pace of purchase activity may be a stronger indicator of where the housing market sits.
July 11 -
The share of economists expecting a September rate reduction grew in the July Wolters Kluwer survey, but the October or later percentage also increased.
July 11 -
Rising home prices and softening sales offer a mixed view of a market that some say is shifting to favor buyers.
July 11 -
The notes are backed by home improvement installment loans originated by approved dealers in Foundation Finance Company's network.
July 11