GOVERNOR IGE TO PARTICIPATE IN OPEN DISCUSSION OF HOUSING ISSUES AT NACA EVENT SUNDAY at 11:00

*****MEDIA ADVISORY*****

FOR IMMEDIATE RELEASE
Media Advisory – July 7, 2018

CONTACT:

Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com
Paola Rodelas – UNITE HERE Local 5, Communications & Community Organizer; (808) 941-2141 office, (808) 333-4782 mobile; prodelas@5.unitehere.org

GOVERNOR DAVID IGE TO LEAD ROUND TABLE HOMEOWNERSHIP DISCUSSION SUNDAY AT NACA ACHIEVE THE DREAM EVENT

GOVERNOR AND HAWAII HOMEBUYERS TO ADDRESS HAWAII HOUSING CRISIS

(HONOLULU, HI – July 7, 2018) Hawaii Governor David Ige will participate in an open-to-the-public round table discussion of homeownership issues in Hawaii this Sunday morning at 11:00 am as part of NACA’s Achieve the Dream homeownership event at the Hawaii Convention Center.

Since opening Friday morning, NACA has already helped hundreds start the path to affordable homeownership through NACA’s Best Mortgage in America mortgage program. Governor Ige will attend the NACA event in support of the combined efforts of NACA and Unite Here Local 5 to address the affordable housing crisis facing the people of Hawaii. The governor will lead a group of 15 Hawaii homebuyers in an open discussion of the homeownership issues facing working people.

“Governor Ige has shown great interest in bringing the NACA program to Hawaii”, according to NACA Founder and CEO Bruce Marks. “This discussion at the Achieve the Dream event demonstrates his understanding and concern regarding affordable homeownership, which is a core element of NACA’s mission and a key point in Local 5’s One Job Should Be Enough campaign.”

The governor is expected to share the story of his own journey to homeownership and engage in a frank and open discussion of the difficulties so many working people in Hawaii have experienced buying a home. High rents have caused excessively long commutes to work and hinder saving for homeownership.

“The NACA program will bring affordable homeownership to many of Hawaii’s working people with no down payment, no closing costs, no PMI and no need for perfect credit”, Marks continued. “With NACA, if you can afford to rent, you can often afford to own.”

NACA’s Achieve the Dream event is free and open to the public and continues daily through Tuesday at the Hawaii Convention Center, 1801 Kalakaua Blvd. in Honolulu. Doors are open 6:00 am to 6:00 pm each day. More information and registration are available at www.naca.com. Walk-ins are also welcome.

Media Links:
NACA Video
Khon2 – Non-profit organization assists workers to become home owners

Hawaii News Now National non-profit offers low-cost home mortgages

Star Advertiser – Union Hopes Nonprofit and trust fund will help its members buy homes

About NACA (www.naca.com):
The Neighborhood Assistance Corporation of America (NACA) is a non-profit organization dedicated to economic justice through home ownership and community action. Founded by economic advocate Bruce Marks over thirty years ago, NACA is the largest HUD certified counseling agency with more than two million members nationwide. Through programs such as the Best in America Mortgage and HomeSave, NACA has helped thousands of consumers modify an unaffordable existing home loan or secure a mortgage to purchase a new home. With 50 offices nationwide, NACA has a proven track record of providing affordable homeownership to low and moderate-income consumers.  Bank of America and CitiMortgage have committed $13 billion to the NACA program. www.naca.com. #AchieveTheDreamNACA

ABOUT UNITE HERE LOCAL 5
Local 5 represents approximately 11,000 workers throughout Hawaii who work in the hospitality, health care and food service industries and is an affiliate of UNITE HERE, an international union that represents over 250,000 workers throughout the U.S. and Canada. For more information, visit www.unitehere5.org.

 

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HONOLULU STAR-ADVERTISER COVERS ACHIEVE THE DREAM EVENT IN HAWAII

Free five-day event offers low-cost mortgages in Honolulu

By Andrew Gomes – Honolulu Star-Advertiser

July 6, 2018

 

A Boston-based nonprofit backed by two national lenders is offering no-fee home mortgages with below-market interest rates for Hawaii residents at a free five-day event that starts today in Honolulu.

The “Achieve the Dream” event, which runs 6 a.m. to 6 p.m. through Tuesday at the Hawai‘i Convention Center, is being held by NACA, a homeownership counseling and advocacy organization.

NACA, also known as the Neighborhood Assistance Corp. of America, began promoting its mortgages at similar events in other major cities earlier this year, and plans to establish an office in Honolulu to continue offering services after the special event.

The organization, which helps prepare people for homeownership, is preapproving borrowers for mortgages that require no down payment and offer fixed interest rates below market level regardless of an individual’s credit score.

“If you can afford your rent, then you can afford to buy,” said NACA spokesman Tim Trumble.

Interest rates under the NACA mortgages are 4 percent for a 30-year loan, which is about 0.125 percentage points below the best rate from local lenders and 0.5 percentage points below the national average in a Freddie Mac survey. NACA loans also are free of loan origination fees, discount point fees and closing costs that typically include an appraisal fee, title report fee and other things. Private mortgage insurance also is not required.

Trumble said people who do have savings for a down payment can use that money to buy down the interest rate as far as to virtually zero.

There are some traditional costs that a NACA borrower is required to pay, such as the cost for a home inspection and homeowner’s insurance.

“NACA’s homeownership program may sound too good, but it is the reality for many thousands of NACA homeowners,” Bruce Marks, the organization’s founder and CEO, said in a statement.

NACA said it has $13 billion committed from Bank of America and CitiMortgage for its mortgage program and is committing $100 million initially for Hawaii borrowers.

The NACA mortgage program is focused on people with low to moderate incomes but isn’t limited to only this group. Some restrictions do apply, such as a borrower cannot own another property, and a borrower must occupy the home for as long as they have the mortgage.

The organization is an outgrowth of a hotel workers union in Boston and was established 30 years ago with a focus to help union members afford homes. During the national mortgage market meltdown that exploded about a decade ago and left scores of homeowners with subprime loans they couldn’t afford, NACA became heavily involved in loan modification work and is a counseling agency approved by the federal Department of Housing and Urban Development. Now NACA is making new loans with the help of Bank of America and CitiMortgage.

NACA held a special workshop last month for members of the Unite Here Local 5 union, which represents many Hawaii hotel workers. The broader public event that starts today is part of a series held in other cities that has drawn more than 5,000 participants, including one in Miami in March where about 10,000 people attended, the organization said.

 

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NACA SOCIAL MEDIA GUIDELINES – MUST READ BEFORE POSTING

The following are the guidelines for this Forum and all NACA social media, including Facebook, Twitter, Google Plus, Pinterest, LinkedIn and Live Chat:

The following rules have always been posted near the top of the Forums page on the forum website at http://forums.naca.com, just above the links to the five forum categories:

Welcome to the NACA Forums! Please keep in mind that this is a public forum. Any derogatory, inflammatory or questionable content will be removed by administrators. Also, please DO NOT post any personal information, such as passwords, NACA ID numbers, or Social Security numbers; NACA Staff will never require this information on the Forums.

Disregard for the rules of the Forum and abuses of the Forum and other social media in general is not tolerated. Such activity hinders the effectiveness of the NACA social media efforts as tools for asking questions, sharing information and for those who are seeking help with problems in either the Home Save or Purchase programs. To prevent such abuses, the following rules apply for this Forum and all NACA social media:

F(orum) comes before E(mail):

Maybe not in the alphabet, but here in the forum, F comes before E. In other words, please post your question in the Forum rather than circumvent the system and send an Email to an address you happen to find in the forum. The forum exists for several purposes, not the least of which is the sharing of information that may be beneficial to many of our members.

Most of the questions we receive are more generic in nature than most people think. By posting a question in the Forum first, it can be most likely answered here in the Forum unless it involves specific information in your file. By handling the question or problem here whenever possible, other members experiencing a similar problem could get the answer and help they need more quickly and without making a single additional keystroke.

If responding to your post does require specific information, you will be advised on the best means of contact with us so any personal information can be communicated securely and confidentially.

The Forum Does Not Replace NACA Services:

The NACA Forum or other NACA social media are in no way a substitute for NACA Counseling and Advocacy services whether in the Home Save or Purchase Programs, and information found here should not be considered a replacement for communicating with a NACA counselor, Member Services rep or any other NACA representative. While much of the information here is general in nature and applicable to most situations, specific questions regarding your file cannot be addressed in this or any other public forum for privacy reasons. Additionally, every file has unique factors and issues of its own. Therefore, you should always attempt to communicate your questions and concerns with your Mortgage Consultant in the Purchase Program and with a Counselor, Member Services or other Member Assistance Program (MAP) representative. Our Member Services Department can be reached at 425-602-6222 from 8:30am to 5:30 pm Eastern Time Monday through Friday.

Keep it Civil:

Another serious issue is the tone used in some messages. We eagerly invite anyone who is having what they perceive to be any sort of problem with the NACA process or on line system to use the NACA Forum and social media channels as a means of reaching out to us with those concerns so we can help solve them in whatever way we can. However, please remember to compose your message in the same manner in which you would like to receive the response. As noted above, “derogatory, inflammatory or questionable content” has always been grounds for posts to simply be deleted without response, and will continue to be so. Deletion of any and all messages from any individual or group of people is at the sole discretion of the Forum administrators. This includes sarcasm as well as insulting and accusatory statements. While we are in fact eager to help with any problems that may occur, if you can’t write without being cynical, you may want to hold off a bit until you can be more rational in expressing your concerns.

No Personal Information:

While this one should be common sense, it is surprising how many people will post their name, NACA ID number and even their telephone number in a forum post or even on Facebook. Please remember that what you write here can be read by anyone on the internet. This is not a membership-restricted site, so please do not post any information about yourself here that you would not announce over a microphone to a crowd of twenty thousand people. Again, that personal information starts with and includes your NACA ID number. Never post it or any other personal information in a public forum, here or anywhere else on the web.

Oh, By the Way, Who Am I Talking To?

Under other circumstances, this would actually be funny. We far too commonly receive emails from members who go to substantial effort to make sure they have provided a wonderfully detailed explanation of their problem or question to insure we have all the information necessary to address their concerns… Then forget to include their NACA ID number, leaving us in the dark or doing detective work to find out which file we are dealing with.

It’s really a simple, common sense rule. NEVER post your ID in a public place, but ALWAYS include it, every time, in private communications such as an email or the Live Chat system available through the NACA website.

One Way or Another:

While we realize you intend to be thorough by doing so, posting the same message to the Forum, our Facebook page, and emailing it to a Forum administrator is actually counter-productive. Most likely, all three messages will go to the same person, which means answering the same question for the same person three separate times. This redundancy only slows down our response time to you and everyone else we are trying to help. So please limit yourself to one method when communicating with us.

Once is Enough:

Likewise, posting the same message in multiple threads in the Forum will have the same effect as posting through several different media.

Each still has to be addressed and responded to separately, which only slows down our response time and can confuse members who may then falsely think that they have read the entire thread previously and possibly miss out on some important information that could have a bearing on their own file.

Similarly, multiple messages each day with minor or random questions bog things down too. We want to answer those questions for you, but in such a circumstance, please send them all in one daily message if possible.

By posting in this Forum, you certify that you have read and agree to abide by these rules. Failure to comply with these rules will result in the deletion of offending posts and the writer potentially being banned from this Forum and other NACA social media.

As you can see, these are really just common sense rules, largely based on common courtesy. Abiding by these guidelines will help the NACA staff help you in whatever means possible and encourage a positive, free flow of information through this Forum, which is its most fundamental purpose.

Thanks!

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 31 Comments

NACA ANNOUNCES PHILADELPHIA ACHIEVE THE DREAM EVENT

FOR IMMEDIATE RELEASE
Press Release – June 15, 2018

CONTACT:
Tina Tyler, NACA, National Director, Communications, (650) 303-2006; tina.tyler@naca.com
Tim Trumble, NACA Media Coordinator: (617) 947-2632; ttrumble@naca.com

NACA ANNOUNCES PHILADELPHIA ACHIEVE THE DREAM EVENT

Major Event To Help Low To Moderate Income Home Buyers
June 21 – June 24

(June 15, 2018– BOSTON, MA) – NACA, the nation’s largest HUD certified non-profit housing and community advocacy organization, will help low to moderate income home buyers and others in the greater Philadelphia area take the first steps toward achieving their American Dream of homeownership during a special four-day free event June 21 – June 24, from 8:00 AM to 8:00 PM at the Greater Philadelphia Expo Center located at 100 Station Ave., Oaks, PA 19456.

NACA’s Best in America Mortgage Program will be highlighted at the event. Homebuyers who purchase through the NACA program buy with no down payment, no closing costs, no points or fees and no PMI. Everyone receives a below market interest rate and perfect credit is not required. The interest rate can also be bought down to virtually zero. This is a truly unique opportunity for homebuyers to realize the dream of affordable homeownership and NACA services are free of charge.

NACA MORTGAGE: NACA provides the best mortgage in America with these extraordinary terms:
• No down payment required
• No closing costs (lender paid)
• No fees
• Loan-to-value -100% for purchase and 110% for purchases with a rehab
• No consideration of credit score
• Below market fixed interest rate
• Term of 15 or 30 years fully amortizing
• Buy-down to permanently reduce the interest rate to virtually zero percent
• Purchase and renovation funds available

Thousands have attended previous Achieve the Dream events in Baltimore, MD and Newark, NJ. Achieve your dream of homeownership today, the NACA way.

For documents needed and to register, go to www.naca.com or call 281-968-6222. Walk-ins are welcome.

ABOUT NACA
The Neighborhood Assistance Corporation of America (NACA) is a non-profit organization dedicated to economic justice through home ownership and community action. Founded by economic advocate Bruce Marks over thirty years ago, NACA is the largest HUD certified counseling agency with more than two million members nationwide. Through programs such as the Best in America Mortgage and HomeSave, NACA has helped thousands of consumers modify an unaffordable existing home loan or secure a mortgage to purchase a new home. With 47 offices nationwide, NACA pledges a character-based, no fee, no down payment and no closing fee home loan. NACA’s proven process allows low to modest income consumers to realize the American dream of homeownership. Bank of America and CitiMortgage have committed $13 billion to NACA pre-approved mortgage loans. www.naca.com. Event flyer. #AchieveTheDreamNACA

Tina Tyler
National Director
Communications

Office: (617) 250 – 6222 ext. 1271
Mobile: (650) 303 – 2006

NACA National Office
225 Centre Street, Suite 100
Boston, MA 02119

“Fighting for economic justice through homeownership and community action”.
www.naca.com

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 2 Comments

NACA’s CEO: Wells Fargo Must Become Consumer Focused

*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
Press Release – April 23, 2018

CONTACT:
Tim Trumble, Media Coordinator, Cell: 617-947-2632; ttrumble@naca.com
Bruce Marks, NACA CEO, Cell: 617-835-4477; bmarks@naca.com

NACA’S CEO CALLS ON WELLS FARGO TO REINVENT ITSELF INTO A CONSUMER-FOCUSED INSTITUTION

(Boston, MA – April 23, 2018) NACA, the nation’s largest non-profit HUD certified housing and community advocacy organization, believes the $1 billion fine levied against Wells Fargo is a positive step in correcting the bank’s predatory practices. This significant penalty, along with the current restrictions on their growth, sends an important message to Wells Fargo’s executives and board members that fundamental change needs to occur.

Nevertheless, virtually none of the funds from the $1 billion penalty from the OCC and CFPB will be going to Wells Fargo’s consumers. The current government regulators are following the same practice as the previous administration of using the victims as a source of government funding.  Since these are not victimless crimes, the current administration needs to set a new path of utilizing penalties to benefit current and future customers.

“This is a start”, said Bruce Marks, NACA’s CEO. “Wells Fargo needs to reinvent itself from an institution that has followed in the footsteps of its predatory predecessor Norwest, to a customer-focused financial institution. To get out from the regulators’ appropriate limitations and scrutiny, it needs to not only stop its abusive practices but set the industry standard in providing consumer-focused banking.  This requires Wells Fargo to utilize some of its massive profits to provide the lowest cost financial services and to do affordable portfolio lending. Wells Fargo needs to remake its reputation and use the current government clampdown as such an opportunity. A true reflection of both a person and an organization is when one can turn a negative into a positive.  Now is Wells Fargo’s opportunity.”

###

About NACA (www.naca.com): NACA is the largest and most effective organization in modifying mortgages and provides the best mortgage in the country. NACA has more than two million members and 47 offices nationwide. NACA CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans for borrowers. See Bostonian of the Year. Mr. Marks has also testified before Congress on numerous occasions including September 12, 2000, being one of the only people to sound the alarm on the pending mortgage crisis.

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BALTIMORE ACHIEVE THE DREAM EVENT OPENS THURSDAY!

Nation’s Largest Homeownership Event Comes to Baltimore

NACA’s Achieve the Dream Tour Offers Free Same-Day Mortgage Qualification

 

(BALTIMORE, MD) – The nation’s leading homeownership organization announces the most effective and unprecedented home buying event available to would-be homeowners. The Neighborhood Assistance Corporation of America’s (NACA) Achieve the Dream tour kicks off at 8am Thursday, April 26 at the Radisson Hotel Downtown Inner Harbor, 101 W Fayette Street in Baltimore. Thousands of prospective homeowners from the Baltimore-Washington metropolitan area are expected to attend the event for a chance to get a same day mortgage qualification. The Achieve the Dream event will run five days from 8am through 8pm, ending Monday, April 30th.

The Achieve the Dream event is a one-stop mortgage operation with workshops, one-on-one comprehensive counseling and underwriters to approve/pre-approve borrowers for a NACA mortgage. NACA’s mortgage is unique as it features no down payment, no closing costs or fees and no private mortgage insurance. Everyone receives a below market interest rate and perfect credit is not required. The interest rate can also be bought down to virtually zero. Bank of America and CitiMortgage have committed over $13 billion dollars to this mortgage program, and participants can buy homes anywhere in their area. The cost of significant repairs or renovations can also be built into the mortgage. Single and multi-family homes and condos are all eligible.

NACA, the nation’s largest HUD-certified non-profit organization, is expected to counsel thousands of Baltimore-Washington area residents during the event. Most expected to attend will be first time home buyers, with low and moderate-income.

“Affordable housing is an issue in the DC, Maryland and Virginia areas, especially for working people,” said NACA CEO Bruce Marks. “Our Achieve the Dream events open the floodgates to those blocked from the dream of affordable homeownership.

Many will be qualified for a NACA mortgage during the event and many more will be on the road to homeownership and the building personal financial security”.

Over 10,000 began their path to home ownership during recent Achieve the Dream events in Charlotte, NC and Miami, FL:

Homeowners with an unaffordable mortgage are also welcomed to take part in the event where they’ll have the opportunity to meet with a NACA Home Save counselor for assistance in modifying their mortgage.  NACA’s Home Save and Purchase programs have been highlighted on the national and local news as the most effective in providing affordable homeownership. Bruce Marks has been featured in the New York Times: The Homebuyer’s Champion and on CNN: One Man’s Fight Against Foreclosures

For a list of required documents individuals should bring to the event and to register, visit www.naca.com or call (281) 968-6222. Walk-ins are welcomed.

###

About NACA (www.naca.com): The Neighborhood Assistance Corporation of America (NACA), is one of the largest HUD certified counseling agencies with more than two million members and 47 offices nationwide. NACA is the largest and most effective organization in modifying mortgages and provides the best mortgage in the country. NACA CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans for borrowers. See Bostonian of the Year. Mr. Marks has also testified before Congress on numerous occasions including September 12, 2000, being one of the only people to sound the alarm on the pending mortgage crisis.

 

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TAX RETURN DEADLINE for 2017 INCOME TAXES

April 18th is the last day to file 1040 tax returns with the IRS for the year 2017. (This was extended for one day after an IRS online system problem on April 17th.)

 

After April 18th, tax returns are required to be submitted to all files in the NACA Purchase Program in order to obtain NACA qualification or for NACA Credit Access to be granted. Likewise, 2017 tax returns will be required for all files in the NACA Home Save Program.  Files in either program cannot move forward without the tax return after the 18th.

 

For Taxes filed after March 18th where the 2017 transcripts (not returns) are not yet available, 2015 and 2016 transcripts are still acceptable.  However, proof of 2017 filing (payment of taxes, tax return received or IRS stamp) will be required for files before they can go to a participating lender.  For all other files, 2015 and 2016 IRS 1040 transcripts are required.

 

Please note: Filing a Form 4868 (automatic extension of filing deadline) will not exempt NACA members from the above requirements. Also, failure to pay any taxes owed will also halt the progress of a file.

 

Please contact NACA Member Services at 425-602-6222 with any questions.

 

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NACA’s MIAMI ACHIEVE THE DREAM EVENT SEES MORE THAN 1000 HOME BUYERS ON FIRST DAY

*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
CONTACT: Tim Trumble, Media Coordinator, Cell: 617-947-2632; ttrumble@naca.com

NACA CONTINUES MIAMI “ACHIEVE THE DREAM” EVENT

MORE THAN 1000 PEOPLE ATTEND FIRST DAY OF HISTORIC HOMEOWNERSHIP EVENT

(February 15, 2018– Miami, FL) – More than 1000 home buyers attended the first day of NACA’s “Achieve the Dream” homeownership tour Thursday at the Miami Airport convention center. Nearly 200 were lined up at the door before the event opened at 8am, some arriving as early as 4am. Expectations are for attendance to be even greater on Friday, Saturday and Sunday.

Low and moderate-income borrowers will have the unprecedented opportunity to obtain NACA’s Best in America Mortgage (No Down Payment, and No Closing Costs, and a Below Market Fixed Rate). Everyone who attends will work with a NACA counselor to be approved for the NACA Mortgage they can genuinely afford. NACA’s counseling is HUD certified and one of the nation’s largest counseling programs.

“This historic Achieve the Dream tour will provide one stop homeownership events where over four days one can be approved for the NACA Mortgage”, states Bruce Marks, NACA founder and CEO. “Since Florida was one of the hardest hit states during the mortgage crisis, it is only appropriate that Miami is one of the first stops on the Achieve the Dream Tour, to help rebuild homeownership in an area that has suffered so much. NACA will continue these events with more than twenty events planned through 2018 providing unprecedented affordable homeownership opportunities to tens of thousands of working people nationwide.”

This extraordinary event runs through Sunday, February 18th at the Miami Airport Convention Center (at the Double Tree Hotel) at 711 NW 72nd Avenue, Miami. Doors will be open from 8:00 a.m. to 8:00 p.m. each day. NACA has $13 Billion committed to the NACA Mortgage program and more than 60,000 homes have been purchased through NACA’s 47 offices, including Miami.

NACA will also assist struggling homeowners at the event through its nationally acclaimed Home Save Program, through which more than 250,000 homeowners obtained an affordable mortgage.

NACA’s Mortgage is the Best in America in that everyone receives the same truly extraordinary terms including no down payment, no closing costs (lender paid), no fees, no PMI, no credit score consideration, a below market fixed interest rate, interest rate buy-down, renovation funds and many other extremely favorable terms.

For documents needed and to register, go to www.naca.com or call 281-968-6222. Walk-ins are welcome.

Clips from NACA’s Extremely Successful Charlotte Achieve the Dream Event:

WJZY – Fox 46 Charlotte

Charlotte Observer

WCNC – NBC 6 Charlotte

NACA’s Home Save and Purchase programs have been highlighted on the national and local news as the most effective in providing affordable homeownership:

· New York Times: The Homebuyer’s Champion

· CNN: One man’s fight against Foreclosures

About NACA (www.naca.com): NACA, Neighborhood Assistance Corporation of America, is one of the largest HUD certified non-profit counseling agencies with more than two million members. NACA is the largest and most effective organization in modifying mortgages, provides the best mortgage in the country, and is a tireless advocate for the rights of working people. NACA’s founder and CEO Bruce Marks is a nationally recognized leader in fighting for economic justice and has testified in Congress on numerous occasions. Marks was one of the first national leaders to sound the alarm in Congress of the pending mortgage crisis in 2000. For more information, go to www.naca.com.

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 2 Comments

NACA’s First “Achieve the Dream” Event

 

*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
Press Release – February 5, 2018

CONTACT:

Tim Trumble, Media Coordinator, Cell: 617-947-2632; ttrumble@naca.com
Bruce Marks, NACA CEO, Cell: 617-835-4477; bmarks@naca.com

NACA BEGINS “ACHIEVE THE DREAM” TOUR

Announcement of Historic Homeownership Events Providing the Best Mortgage in America to Low and Moderate Income Borrowers

(February 5, 2018– Charlotte, NC) – On Tuesday February 6th at 11:00 a.m. at 600 East Fourth Street room 267, a press conference led by Mayor Vi Alexander Lyles, NACA’s CEO Bruce Marks, Bank of America representatives and Charlotte City Council members will announce the launch of NACA’s “Achieve the Dream” homeownership tour. This nationwide tour is to become the most important homeownership initiative in recent history. Low and moderate-income borrowers will have the unprecedented opportunity to obtain NACA’s Best in America mortgage (No Down Payment, and No Closing Costs, and at a Below Market Fixed Rate).

This extraordinary event begins Thursday, February 8th through Sunday, February 11th at 5835 Executive Center Drive, Charlotte, NC 28212, in the Charlotte East Business Park. Doors will be open from 8:00 a.m. to 8:00 p.m. each day. Everyone who attends will work with a NACA counselor to be approved for the NACA Mortgage they can afford. NACA’s free of charge counseling is HUD certified and one of the nation’s largest counseling programs. NACA will also assist struggling homeowners at the event through its nationally acclaimed Home Save Program where over 250,000 homeowners obtained an affordable mortgage.

NACA has $13 Billion committed to the NACA Mortgage and more than 60,000 homes have been purchased through NACA’s 47 offices, including Charlotte. Everyone approved receives the same terms including the below market fixed interest rate without consideration of their credit score or other factors.

“This historic Achieve the Dream tour will provide one stop homeownership events where over four days one can be approved for the NACA Mortgage. NACA will continue these events with more than twenty events planned through 2018 providing unprecedented affordable homeownership opportunities to tens of thousands of working people nationwide” states Bruce Marks, NACA founder and CEO. “It is appropriate that the tour begins in Charlotte where Bank of America, NACA’s biggest partner is headquartered, and where NACA has strong support from the city”.

In support of the upcoming event, Mayor Lyles states, “The goal of owning a home is something we aspire to and build toward for everyone in our city. I welcome this partnership with NACA. The city of Charlotte will make grants to homebuyers to supplement the NACA Mortgage, making homeownership a reality for more Charlotteans.”

NACA’s Mortgage is the best in America in that it contains terms that are truly extraordinary including no down payment, no closing costs (lender paid), no fees, no PMI, no credit score consideration, a below market fixed interest rate, interest rate buy-down, renovation funds and many other extremely favorable terms.

For documents needed and to register, go to www.naca.com or call 281-968-6222. Walk-ins are welcome.

NACA’s Home Save and Purchase programs have been highlighted on the national and local news as the most effective in providing affordable homeownership:

● New York Times: The Homebuyer’s Champion
● CNN: One man’s fight against Foreclosures

About NACA (www.naca.com):
NACA, Neighborhood Assistance Corporation of America, is one of the largest HUD certified non-profit counseling agencies with more than two million members. NACA is the largest and most effective organization in modifying mortgages, provides the best mortgage in the country, and is a tireless advocate for the rights of working people. NACA’s founder and CEO Bruce Marks is a nationally recognized leader in fighting for economic justice and has testified in Congress on numerous occasions. Marks was one of the first national leaders to sound the alarm in Congress of the pending mortgage crisis in 2000. For more information go to www.naca.com.

 

 

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 6 Comments

2017 W-2 DEADLINE COMING UP FOR NACA MEMBERS

All NACA Members currently in the NACA Purchase Program or Home Save Program who are W-2 wage earners must have their 2017 W-2 and 1099 forms submitted to their NACA file no later than Thursday, February 1, 2018.

These forms are required by law to be delivered to the wage earner no later than January 31st, and must in turn be submitted to your NACA file immediately for your file to continue forward in the process.

Files that do no have these documents included by February 1 may not continue in the NACA process, and may result in the cancellation of counseling appointments until the documents are received.

Likewise, completed 2017 tax returns must be in the file no later than this year’s filing deadline, Tuesday, April 17th. Files without completed tax returns on April 17 are also subject to suspension until documents have been submitted.  This includes members who have filed a Form 4868, Application for Automatic Extension of Time to File.

These documents are required in a timely manner so we may confirm your income and affordability. Your cooperation in submitting these documents is greatly appreciated and will prevent you from unnecessary delays in your journey to home ownership or an affordable modification.

Any questions may be directed to NACA Member Services at 425-602-6222 from 8:30 a.m. to 5:30 p.m. Monday through Friday.

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 4 Comments

NATIONAL COUNSELING CENTER ON TWO HOUR DELAY

NACA STAFF AND MEMBERS PLEASE NOTE: Due to icy travel conditions in Charlotte, NACA’s National Counseling Center will operate on a two hour delay this morning. This will affect Member Services, MAP, Home Save and Remote Counseling. Missed appointments will be rescheduled at the first opportunity. We apologize for any inconvenience.

Posted in NACA Purchase Program, NACA Technology, Save the Dream | 2 Comments
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