America’s Looming Eviction Crisis

October 2020

NACA Podcast

America’s Looming Eviction Crisis

Millions of people are currently out of work due to the pandemic. At least 40 million people are facing evictions by the end of the year.  On this edition of NACA’s American Dream Podcast, we discuss America’s Looming Eviction Crisis.


Podcast Guests

Sarah Saadian is the Vice President of Public Policy for the National Low Income Housing Coalition (NLIHC). The NLIHC is dedicated to achieving socially just public policy that ensures people with the lowest incomes in the United States have affordable and decent homes.

Veronica Horne, a veteran who is suffering with PTSD, was evicted by Invitation Homes on the same day when the Executive Order came out.

American Dream Podcast is a production of the Neighborhood Assistance Corporation of America (NACA), fighting for economic justice through affordable homeownership and community advocacy.

  • Producer/Researcher/Audio Editor: Francisco Garcia
  • Host: Tim Trumble


Transcript:

Tim Trumble: Welcome to this edition of the American Dream Podcast. A production of the Neighborhood Assistance Corporation of America, fighting for economic justice through affordable homeownership and community advocacy.

Before the pandemic put the United States on a lockdown in March, the US economy was gaining around 200,000 jobs a month. However, after the pandemic struck, that changed dramatically. By April, according to the U.S. Bureau of Labor Statistics, we lost a record 20.8 million jobs. Since then, the jobs have started to come back slowly. The Unemployment Rate fell to around 10% in July, with millions getting their jobs back. But this only tells half of the story. According to a new study by the research organization Eviction Lab, at least 40 million people are facing evictions by the end of the year. As an example, in just 17 cities where they closely monitored evictions, they found that over 43,000 people had already been evicted from their homes. To the relief of millions, the president Trump has recently ordered the Center for Disease Control to issue a 4 month eviction moratorium which would prevent people from being evicted from their homes.

To give us a better perspective on the moratorium and this eviction crisis in general,we are joined by Sarah Saadian, Vice President of Public Policy at the National Low Income Housing Coalition. The NLIHC is dedicated to achieving socially just public policy that ensures people with the lowest incomes in the United States have affordable and decent homes.

Tim: Sarah, thank you very much for joining us here today. We really appreciate it.

Sarah: I’m happy to be here. Thank you so much.

Tim: We have at this point, perhaps as many as 40,000,000 people, nearly one out of eight people in this country, facing eviction before the end of the year. One of the main things that’s stopping that from already being a tidal wave is the eviction moratorium recently issued by the Centers for Disease Control which could easily be the last line of defense for a lot of families trying to keep a roof over their head. So first things first, if you would clarify for us just exactly what this moratorium is from the CDC and how it works?

Sarah: The CDC issued a moratorium on September 1st and it went into effect September 4th and it provides really broad protections to renters who are facing eviction. It would help them stay in their home until the end of the year, so it lasts through December 31st and it puts strong penalties against any landlord that moves to evict their tenants from their homes.

Tim: Who exactly is affected by the moratorium? How do they qualify and what kind of impact is this going to have on people who are maybe already in the eviction process?

Sarah: The CDC Eviction Moratorium applies to nearly all renters who might be facing difficulties. The only thing that a renter needs to do is to sign a declaration form saying that they are eligible and that they meet certain criteria and to give that to their landlord. They are not required to offer any proof of eligibility. It is incredibly broad and it stops every single step of the eviction process. So even if you’re in the middle of an eviction, with fear that one is coming to you soon. We encourage readers to take a look at the declaration form and if it applies to them to immediately sign it and give it to their landlord right away. That’s really all that renters need to do in order to be protected. The biggest challenge right now is just making sure that renters know that this resource is available to them. And that’s why I appreciate being on your show so that we can reach more renters who might be in need.

Tim: Well, we’re glad that you’re here to help spread the word about this and protect the roof over many peoples heads. You mentioned this form that actually can bring the whole process to a screeching halt and keep people in their homes. Where do people find the form?

Sarah: People can find the forms on our website nlihc.org we have it available in nine languages so far, and if there’s other languages that people need a declaration form in that we don’t currently have, let us know and we’re happy to have one created. But all the form really does it says that you are using your best efforts to find rental assistance to make rental payments and that you are being impacted by either job loss or reduction in wages. That you can’t make your rent on time is a very relatively easy bar for renters to overcome. It’s an incredibly important document, and so I hope folks go on to our website and look for other resources that they can use to not only stop this eviction, but hopefully to get other assistance that they might need.

Tim: We’ve already seen through the course of the pandemic other eviction moratoriums put in place by state and local governments, and we’ve also seen cases where those moratoriums have just been blatantly ignored by landlords, especially some of the large corporate landlords. Do you think this latest moratorium from the CDC is going to have any actual effect?

Sarah: The moratorium can help stop illegal evictions by imposing really strong penalties against any landlord that moves forward with any stage of eviction after a tenant produces the declaration form, but we are really concerned about corporate landlords, especially moving forward with evictions before renters know what their rights are and so we’re in a mad rush right now to try to get information out to as many renters as possible so that they can stay in their homes and can’t be taken advantage of.

Tim: Is there any sort of recourse for families or individuals who may have already been evicted?

Sarah: Any family that’s already been evicted likely can’t make use of the moratorium, unless their landlord evicted them after they provided them with the declaration form. I think the best bet for people who are in that situation are to contact legal aid attorneys or other organizations that can provide some assistance, but also to look to their community for possible emergency rental assistance or even assistance to move people experiencing homelessness into hotels.There’s a big effort underway by FEMA and state and local governments to help ensure that people can practice social distancing and so many states are using hotels and motels to allow people who are experiencing homelessness to stay safe.

Tim: One of the things that we have noticed and it’s been actually fairly obvious going along here, something that was quite similar to the mortgage crisis a number of years ago, minorities are being disproportionately impacted by the eviction crisis that is underway in this country. Why are the rates so disproportionate between minorities and whites?

Sarah: People of color and especially black, Latino and native people are disproportionately likely to be impacted by this eviction crisis. That’s in large part because they were more likely to be low income, more likely to be cost burdened, and more likely to be at risk of homelessness prior to this pandemic and now we’re seeing that the pandemic is also having a disproportionate impact on people of color. So people of color are more likely to experience job loss, more likely to experience severe illness and even death from the pandemic. All of that is combining, along with a long history of discrimination and housing policy in evictions especially, to put people of color and especially black women at the highest risk of eviction going forward.

Tim: So a huge amount of responsibility falls on local governments through all of this because they are the ones that typically conduct the court proceedings. It’s local sheriffs that do evictions. What sort of challenges if you’re aware of any that local governments might be facing as a result of the eviction threat moratorium. Are they even aware fully of how this all works, especially when the moratorium is concerned?

Sarah: Many state and local governments are doing everything that they can to prevent evictions. We’re tracking about 300 state and local rental assistance programs that have been stood up or expanded during the pandemic to help prevent people from facing evictions. The biggest challenge is that the need is just overwhelming the resources that state and local governments have. So of the 300 programs we’re tracking about one-third have already run out of money. That’s why it’s incredibly important for the federal government to provide at least 100 billion dollars in emergency rental assistance in any future covid relief package. We are really disappointed to see that Congress hasn’t done that yet, and every day that they wait puts more people and their homes at risk.

Tim: Are there any factors in here that instead of helping are making things worse for renters?

Sarah: The biggest challenge facing renters right now is that Congress feels such a lack of urgency in addressing their needs. We know how to keep people in their homes. We know the solutions. We know the resources, but Congress is taking its time to negotiate this next package. And as it takes its time, you know people are losing their homes and are at risk and we know that low income people and especially the lowest income people, face enormous barriers to getting back on their feet after an economic downturn. And so what we need is for Congress to prioritize the needs of low income renters and people experiencing homelessness and to do that immediately.

Tim: So someone is looking at potentially facing eviction, realizing that the moratorium is not going to go on forever, what sources of help are available out there? What kind of resources can they take advantage of?

Sarah: Renters who are facing difficulty should immediately sign a declaration form and get it to their landlord so that they can postpone their eviction. But you’re pointing to a really important issue, which is that this moratorium doesn’t provide any emergency rental assistance alongside of it and so that means that if Congress doesn’t provide resources, we’re really just postponing evictions rather than preventing them.

Tim: If we want to find out more about what your organization is doing to help fight the eviction crisis, where do we go?

Sarah: People can reach out to us by going to www.nlihc.org and go into our page on Covid relief.

Tim: Sarah, thank you for what you are doing and what your organization is doing to help avert this eviction crisis and help low income families across the country. Sarah Sadiaan, Vice President of Public Policy at the National Low Income Housing Coalition. Thank you so much for sharing some time with us today and again for being a part of this fight.

Sarah: My pleasure. Thank you.

We are joined now with Veronica Horne, A veteran who is suffering with PTSD and was evicted by Invitation Homes on the same day when the Executive Order came out. In addition, we’ll hear from Elliott Murray, a great friend of Veronica who has helped her through the process and witnessed the entire eviction ordeal.

Tim: When did this all happen? When did this start?

Veronica: It originally began when my mother passed and she was a co-signer on the lease as well.

Elliot: Her and her mother were living in separate places. But in the same apartment complex. Her mother was on chemo three times a week. She wasn’t doing very well. She broke her femur in December. When she broke her femur, the medical practitioners told Veronica she could never live by herself. She needed to live with someone. So in a panic, they had to find a place together.

When Veronica approached Invitation Homes for a place to stay because they had two full apartments worth the furniture, 2800 square feet worth. Veronica applied for the home with them initially and they told her income wasn’t enough. When her mother came in, they recognized she had the income. But they also could clearly see the woman was terminal. Her mother passed in August of ’19. Veronica immediately let them know, knowing she didn’t have the income to stay, and then everything was a duress, with her being an only child of how to deal with her mother passed, and arrangements and things of that nature. They told her when she called, she spoke with someone in customer service. And by the way, communication was always leaving a message or leaving a voicemail. Sometimes people call you back, sometimes they don’t. She spoke with the lady who said she wasn’t sure then called someone else. She called someone else. They said yes, we do have something in place where you can get out in 30 days if someone passes away who has a lease, you could be liable for the past two rents, some type of little fee, but you can get out. At the time. Veronica was working. Well, November came around the third week of November to take her to court for eviction and so when she went to court they told her you have seven days to get out or you pay the past due. Past due was almost $8000. I helped to pay that. Her thinking her lease was up in February of 2020, not a two year lease. So she’s thinking if she pays, she can move out in February. She was still working by the way. She ended up sending them a check. So that she could stay in, again thinking she was able to move out in February. When she paid January, February came, she said, I don’t, I really don’t have it. February 7th she ended up losing her Job due to the pandemic, she was a consultant for the Department of Education, a third party contractor. You know, Sam said we’re not going after student loans, so that was out. So they communicate with her off and on saying hey, we know everybody’s not working. No worry about it yadda yadda yeah. Well, she took it verbatim. Don’t worry about it. Well when July 31st hit, the first week of August they came after her again. They sent her a letter. The week before a court date, saying we will forgive your past due rent, which is almost $12,000 if you could be out in seven days. She didn’t know any better because she had nowhere to go. She signed it and she signed it without me being there. So she didn’t really understand. I mean, who signs I’ll get out if you have nowhere to go? (laughs). So they played, they used that against her. We went to court. Long story short, they felt like she was cognizant enough to understand everything that was going on. When Invitation Homes clearly knew she did not understand. And why would they lock them into a two year lease? Who does that? I mean, you give ’em a year. If the lady lives and you give ’em another year, but you don’t lock them in a 2 year lease and escalate the rent after the first year knowing that the primary income person is terminally ill. That means she’s on her way down. She died five months, four months after they moved in, so it wasn’t rocket science like they didn’t know.

Veronica: In the beginning, I didn’t know who to reach out to. It wasn’t until it became a dire situation with Invitation Homes that NACA got involved. We were on the call with the group of Invitation Homeowners. When was that, back in…

Elliot: NACA had arranged a call with people who were having challenges with Invitation Homes. They had prepped us via phone calls via conference call and then we were supposed to be part of a call with Invitation Homes board members or some of their leadership. At which time each tenant was supposedly have an opportunity to share their concerns. We got in touch with NACA and had been in communication with Vivian once we realized they were going to evict her this second time around. So I contacted Invitation Homes and I said, look, this is a bad situation. Why don’t you let me give you some money? Which was over half of what they were asking for, and then let her pick up where she’s at, even though she’s not working, I will help her. Let’s see if we can work this out and he said, “Well, I think you all need to be at court”. And so it was as if this was a game and play on words with them. And then the pandemic hit and President Trump came out and said nobody can be evicted, and by then she had already ordered movers and already packed up her 2,800 square foot house. I mean her move cost me $1,100.

That’s how much stuff she had, okay? And it’s not like money is growing on trees around here because she is still unemployed, but it was better to get her out of that situation and do like a lot of people do, and I know that they do, is sit and wait it out.

There’s a lot of people not paying rent and laughing and joking and waiting until December. Because of the emotional trauma that it was doing to her outside of getting over the loss of her mother, I felt and she felt it was best to get her out of there so that she could just start fresh breathing different air, not looking in every room and seeing her mother and having these people who clearly we’re taking advantage of her. So even though it was financially strapping to me and to her, it was most beneficial to get her out of that situation instead of becoming toxic and it had been that way for a while. And they knew that. They knew what they were doing.

Tim: They gave you that letter. You know. Ok we’ll do this, if you’re out in seven days. What was that day like when it came?

Veronica: My goal was to just get out, just so they don’t come. So the Sheriff didn’t come to put my stuff out. Fortunately, that letter was signed that day from the President. So the Sheriff’s Department weren’t going out at that point. But like he said, we’d already got the moving truck, packed the house, everything. It was, it was just time to go. I was emotionally drained.

Elliot: She’s had to endure more stuff. She already had some items in storage. She had to open another storage unit because a 2800 square foot house full of furniture and you know how older people are, they have that old heavy furniture, not that plasterboard pressboard stuff that we buy and so she had to have somewhere to put it.

Veronica: It’s still hard ’cause now I’m still sitting here with a big debt over my head, eviction on my head where I can’t go find some place to live, so I’m still struggling with it.

Tim: So even though you eventually went along with what they wanted and you signed the letter and you moved out, they haven’t given you a break at all?

Veronica: No. None. Absolutely none.

Tim: So they are still trying to collect all that money from you?

Veronica: Yes sir.

Elliot: She was upset. She didn’t know frick from frack. She didn’t know friend from foe. These people came at her every which way humanly possible knowing they were praying on her emotional state.

Tim: Veronica, you had nowhere to go. Where did you go, when it finally came time to leave?

Veronica: Actually, a friend of Elliot’s, who is in Real Estate, located a place out here in Suwanee through a friend of hers. And Luckily, with God’s help we got in, you know, I was able to get this place. I guess I could consider myself as one of the lucky ones, ’cause otherwise I was headed to a hotel.

Tim: What other kind of concerns did you have when you wound up moving out?

Veronica: It’s a feeling inside you that just it won’t go away, it won’t rest. Because. I was taking advantage of. I was under duress when I got the place. The financial part is tremendous. I’m back down to zero now. Most of my family lives in other states, so nobody else was really able to help me at the time, even with the burial of my mother or the cremation of my mother, that was all on me. Everything fell on me. Thank God for Elliot ’cause without Elliot, I don’t know what I would have done. My stuff will probably still be sitting on a truck.

Tim: If there was anything you could say to Invitation Homes right Now. What would it be?

Veronica: Retrain your staff. How about that? Have a little compassion for people out here that’s struggling. It’s not our fault that the pandemic hit when I was calling, trying to reach them. I’ll get different people telling me different things. When I did get somebody on the phone, it was like caos. It really was. It was chaotic. And Elliot will tell you, I’ve made numerous calls to them. And most of the time I didn’t get a response and I wanna tell people out there in this situation that haven’t gone through eviction yet, keep notes. Keep notes, make sure anything they say to you it’s in writing. Keep your records. if you can record the phone calls ’cause they were telling me that they can’t send me what they were telling me in writing with little offers they were making. They never put it in writing. And then when I got to somebody on the phone it was something totally different. People will pray on those that don’t understand, people will privately and publicly humiliate you if you don’t understand. So if you don’t understand and I’m saying this to the women out there, if you don’t understand, have your man or a friend or somebody that’s used to the corporate world, read it over, talk to them about it. Call an advocate, so be careful. Please out there, be careful. Don’t fall like I did.

Tim: Veronica, thank you so much for sharing the time with us. Thank you for your service. My sympathies, my heartfelt sympathies on everything that has happened to you this year. This has been a rough year for everybody and certainly rougher on you. And hopefully we can put this to good use and help stop this from happening to other people.

Veronica: Yes, thank you for having me and Elliot.

Thank you for listening. Remember, NACA provides the best mortgage in America. NACA has given the opportunity to thousands to qualify for a mortgage with No Down payment, No Closing Costs, No PMI, with no consideration of your credit score and the below market fixed interest rate. For more information, join us at our virtual Achieve the Dream Events at NACA.com

The American Dream Podcast is a production of the Neighborhood Assistance Corporation of America. We’ll see you in our next edition of NACA’s American Dream Podcast.

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NACA Launches Massive Georgia Canvassing Operation in Senate Runoff

*****PRESS RELEASE*****

 FOR IMMEDIATE RELEASE
November 19, 2020

NACA LAUNCHES LARGEST STATEWIDE CANVASSING EFFORT FOR WARNOCK & OSSOFF

(ATLANTA – November 19, 2020) – On Friday, November 20th at 11:00 am at Green Pastures Christian Ministries, 5455 Flat Shoals Pkwy, Decatur, GA 30034, NACA will kick-off the largest grassroots face-to-face canvassing operation in Georgia. Over two hundred NACA Members, who have been receiving canvassing training by UNITE HERE, will begin canvassing in Atlanta in support of Rev. Raphael Warnock and Jon Ossoff for U.S. Senate. NACA will be expanding its canvassing throughout Georgia with over 2,000 NACA canvassers focusing initially on voter registration and then turnout. All eyes are on Georgia in determining the control of the U.S. Senate and direction of President Elect Biden’s agenda. NACA Founder and CEO Bruce Marks, NACA Members and others will officially launch the campaign with more than 200 of the canvassers who will work through the January 5th election. All canvassers will be outfitted with proper PPE protections and social distancing to protect against Co vid-19.

Everyone understands the enormity of Georgia’s twin Senate runoffs that will determine the balance of power in the Congress and whether the legislative program of Democrats and the new Administration may be effective or hobbled during the upcoming 117th Congress. Each party and their supporters will pour in over one hundred million dollars and likely much more during the campaign. The vast majority will go to TV, radio, phone banking and social media inundating an already saturated and polarized Georgian electorate. While some of this is necessary, the focus must be on canvassing throughout Georgia.

NACA, through its Economic Justice for All (“EJA”) PAC, is best positioned to operationalize a massive ground effort with over 360,000 members in Georgia built over 25 years through assisting homeowners during the mortgage crisis and now through its Best in America mortgage. In the recent presidential election NACA activated its large grassroots network in Georgia through an innovative ‘Rolls-to-the-Polls’ program with over 100 15-seat vans providing safe rides to the polls for over 25,000 voters in the greater Atlanta area. NACA advocates also maintained a presence around polling locations to help ensure that fringe elements did not interfere with lawful ballot counting or intimidate poll workers.

NACA CEO Bruce Marks pointed out, “We are excited about the canvassing training UNITE HERE is providing given their proven track record of flipping Arizona and Nevada. I founded NACA while working for HERE and their expertise in canvassing is crucial in mobilizing our members in leading a large canvassing operation statewide.”

Governor Roy Barnes states, “NACA has been a major force in Georgia for many years, defeating Fleet Bank, passing predatory lending legislation and with its extraordinary homeownership programs. Their political engagement in this defining election will be crucial in in winning both these senate seats which will define the direction of the country”.

NACA Videos:
Ride-Along: A Driver and Her Passengers
Roll-to-the-Polls Atlanta
BBC World: NACA Free Rides to Voting Polls in Houston


NACA (NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (www.naca.com)
Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy and homeownership organization in the United States. NACA has been the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners. NACA provides the best mortgage in the country through its 48 offices nationwide. NACA’s founder and 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. He has also testified before Congress on numerous occasions including September 10, 2000, being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.

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THOUSANDS APPROVED FOR NACA’S BEST IN AMERICA MORTGAGE IN SPITE OF PANDEMIC LOCKDOWNS

PRESS RELEASE 

FOR IMMEDIATE RELEASE
September 3, 2020

THOUSANDS BEING APPROVED THROUGH VIRTUAL “ACHIEVE THE DREAM” EVENTS FOR NACA’S BEST IN AMERICA MORTGAGE

EVENTS CONTINUE TO ELIMINATE BARRIERS TO HOMEOWNERSHIP IN SPITE OF PANDEMIC LOCKDOWNS

(BOSTON– September 3, 2020) – Lakeisha Williams once thought she could never be able to afford a home of her own for herself and her daughters.

Instead, she obtained the Best Mortgage in America and became an Atlanta homeowner through a new, entirely virtual system that not helps to overcome the four barriers that commonly prevent low and moderate income and minority homebuyers from obtaining an affordable mortgage but also protects everyone involved during the Covid-19 pandemic.

Thanks to NACA’s Best in America mortgage program, Ms. Williams closed on her $340,000 Atlanta home on July 24th with an amazing 2.125% fixed interest rate.  She knows first-hand the incredible benefits of the NACA purchase program and new virtual Achieve the Dream events.   She began the NACA process in mid-May and she completed the counselling, underwriting, offer, application, approval and closing all online through the completely online Achieve the Dream process. https://vimeo.com/444344311

“I’m very grateful to not have to leave my home and to be able to speak to a lot of people. I’m just really thankful that Covid-19 didn’t stop my blessing,” Ms. Williams said about the entirely on-line experience. “I’m just so thankful to NACA for making my dream come true.”

NACA has accomplished one of the most innovative pivots done by any American business during the Covid-19 pandemic.  NACA, the nation’s largest HUD certified non-profit, not only remained open and did not layoff or furlough any staff but has actually hired many additional staff to provide all of its housing counseling services to every part of America by virtual means.   NACA reimagined its operations using its state-of-the-art technology to create an online version of its face-to-face Achieve the Dream events where thousands of homebuyers attend to become NACA Qualified (i.e. pre-approved) in one day for NACA’s Best in America Mortgage. 

During the Covid-19 pandemic, thousands of low to moderate income and minority homebuyers are achieving the American Dream of homeownership thanks to NACA’s unequalled Best in America mortgage product.  NACA is provides this mortgage with everyone receiving the following terms: no down payment, no closing costs, no PMI and a fixed below market interest rate (2.50% 30-year and 2.125% 15-year as of 9/3/20). 

The NACA program is an unequalled opportunity for low to moderate income and minority homebuyers to achieve affordable homeownership.  This is done by overcoming the four major barriers to affordable homeownership for those who have traditionally been locked out:

Barrier: High Savings Requirement
NACA Solution: No Down Payment & No Closing Costs

Barrier: Unaffordable Terms
NACA Solution: Below Market Fixed Rate & Aggressive Buy-Down
Barrier: Restrictive Underwriting based on Credit Score
NACA Solution: Character Based Lending without Consideration of Credit Score
Barrier: Racism & Biases
NACA Solution: Pre-Approval & Advocacy

NACA is the most effective organization is overcoming systematic racism and reducing the wealth disparity gap.  Over more than 20 years NACA has originated over 60,000 mortgages with 88% to minority borrowers.  The foreclosure rate is one the lowest at 0.00012 (one-hundredth of one percent).   NACA has $15 Billion committed to this one extraordinary mortgage with $10 Billion from Bank of America. 

“While the NACA program sounds too good to be true,” states Bruce Marks NACA’s CEO and founder. “we have demonstrated that when you lend the right way on affordable terms borrowers make their mortgage payments.  Now that we are in all fifty states, we will make the NACA standard the national standard.” 

In the virtual Achieve the Dream format, the four-hour Homebuyers Workshop is conducted as a webinar, the documents (i.e. paystubs, bank statements, tax returns, etc.) are uploaded electronically into the homebuyer’s file, the two-hour counseling appointment with a NACA counselor takes place via videoconference, and NACA underwriters review the completed file and notify the homebuyer of their pre-approval or next steps toward qualification.  From May 14th through July 21st NACA completed six virtual video four-day events, counseling homebuyers from 8:00 a.m. to often past midnight Thursday through Sunday, and are continuing every other weekend.  Over 35,000 homebuyers have attended these NACA virtual Achieve the Dream events with thousands of homebuyers qualified for the NACA Mortgage.    

Virtual Achieve the Dream events are presently scheduled through November. Dates and registration for the initial online Qualification Workshop and the Achieve the Dream events can be found on NACA’s website at www.naca.com

Links to Achieve the Dream events:

NACA’s Achieve the Dream Events

https://drive.google.com/file/d/17CejsZMpA-YA5XJ3naA2xY7ntZA6-qZF/view?usp=sharing

Success Stories at NACA’s Achieve the Dream Events

https://drive.google.com/file/d/1htKNfSVAqdSigsGw2v7x-TTG51BV_baX/view?usp=sharing

Dallas Achieve the Dream Event

https://drive.google.com/file/d/1hAPk8XU9ajngDOCDEbVqaCIRHwNH71U0/view?usp=sharing

FOX story

Houston Testimonial Maria Lara

https://drive.google.com/file/d/1f7UG8F72ydRNOMX5s959q-_r8VoGdgho/view?usp=sharing

About NACA (www.naca.com)

Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy, and homeownership organization in the United States. NACA has been the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners.  NACA provides the best mortgage in the country through its 48 offices nationwide. NACA’s founder and 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. He has also testified before Congress on numerous occasions including September 12, 2000—being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.

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THOUSANDS APPROVED FOR NACA’S BEST IN AMERICA MORTGAGE IN SPITE OF PANDEMIC LOCKDOWNS

*****PRESS RELEASE***** 

FOR IMMEDIATE RELEASE
August 17, 2020

CONTACT:

Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com

Abriel St. Ange, Media Specialist; Cell: 857-529-3220; abriel.st.ange@naca.com 

VIRTUAL “ACHIEVE THE DREAM” EVENTS CONTINUE TO ELIMINATE BARRIERS TO HOMEOWNERSHIP

(BOSTON– August 17, 2020) – During the Covid-19 pandemic, thousands of low to moderate income and minority homebuyers are achieving the American Dream of homeownership thanks to NACA’s unequalled Best in America mortgage product.  NACA provides this mortgage with everyone receiving the following terms: no down payment, no closing costs, no PMI and a fixed below market interest rate (2.625% 30-year and 2.125% 15-year as of 8/13/20). 

NACA has accomplished one of most innovative pivots done by any American business during the Covid-19 pandemic.  NACA, the nation’s largest HUD certified non-profit, not only remained open and did not layoff or furlough any staff but has actually hired many additional staff to provide all of its housing counseling services to every part of America virtually.   NACA reimagined its operations using its state-of-the-art technology to create an online version of its face-to-face Achieve the Dream events where thousands of homebuyers would attend to be NACA Qualified (i.e. pre-approved) in one day for NACA’s Best in America Mortgage.  In the virtual Achieve the Dream format, the four-hour Homebuyers Workshop is conducted as a webinar, the documents (i.e. paystubs, bank statements, tax returns, etc.) are uploaded electronically into the homebuyer’s file, the two-hour counseling appointment with a NACA counselor takes place via videoconference, and NACA underwriters review the completed file and notify the homebuyer of their pre-approval or next steps toward qualification. From May 14th through June 21st NACA has completed six virtual video four-day events, counseling homebuyers from 8:00 a.m. to often past midnight Thursday through Sunday and are continuing every other weekend.  Over 35,000 homebuyers have attended these NACA virtual Achieve the Dream events with thousands of homebuyers qualified for the NACA Mortgage.    

The NACA program is an unequalled opportunity for low to moderate income and minority homebuyers to achieve affordable homeownership.  This is done by overcoming the below four major barriers to affordable homeownership for those locked out affordable homeownership:

  • Barrier: High Savings Requirement

NACA Solution: No Down Payment & No Closing Costs

  • Barrier: Unaffordable Terms

NACA Solution: Below Market Fixed Rate & Aggressive Buy-Down

  • Barrier: Restrictive Underwriting based on Credit Score

NACA Solution: Character Based Lending without Consideration of Credit Score

  • Barrier: Racism & Biases

NACA Solution: Pre-Approval & Advocacy

NACA is the most effective organization is overcoming systematic racism and reducing the wealth disparity gap.  Over more than 20 years NACA has originated over 60,000 mortgages with 88% to minority borrowers.  The foreclosure rate is one the lowest at 0.00012 (one-hundredth of one percent).   NACA has $15 Billion committed to this one extraordinary mortgage with $10 Billion from Bank of America.  “While the NACA program sounds too good to be true,” states Bruce Marks NACA’s CEO and founder. “we have demonstrated that when you lend the right way on affordable terms borrowers make their mortgage payments.  Now that we are in all fifty states, we will make the NACA standard the national standard.” 

Lakeisha Williams of Atlanta knows the incredible benefits of the NACA program and the virtual Achieve the Dream events.  She completed the counselling, underwriting, offer, application, approval and closing all through the virtual Achieve the Dream process.  She began the NACA process in mid-May and closed on her $340,000 home on July 24th with an amazing 2.125% fixed interest rate. https://vimeo.com/444344311

“I’m very grateful to not have to leave my home and to be able to speak to a lot of people. I’m just really thankful that Covid-19 didn’t stop my blessing,” Ms. Williams said about the entirely on-line experience. “I’m just so thankful to NACA for making my dream come true.”

Virtual Achieve the Dream events are presently scheduled through November. Dates and registration for the initial online Qualification Workshop and the Achieve the Dream events can be found on NACA’s website at www.naca.com

Links to Achieve the Dream events:

NACA’s Achieve the Dream Events

https://drive.google.com/file/d/17CejsZMpA-YA5XJ3naA2xY7ntZA6-qZF/view?usp=sharing

Success Stories at NACA’s Achieve the Dream Events

Preview in new tab(opens in a new tab)

https://drive.google.com/file/d/1htKNfSVAqdSigsGw2v7x-TTG51BV_baX/view?usp=sharing

Dallas Achieve the Dream Event

https://drive.google.com/file/d/1hAPk8XU9ajngDOCDEbVqaCIRHwNH71U0/view?usp=sharing

FOX story

Houston Testimonial Maria Lara

https://drive.google.com/file/d/1f7UG8F72ydRNOMX5s959q-_r8VoGdgho/view?usp=sharing

About NACA (www.naca.com)

Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy, and homeownership organization in the United States. NACA has been the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners.  NACA provides the best mortgage in the country through its 48 offices nationwide. NACA’s founder and 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. He has also testified before Congress on numerous occasions including September 12, 2000—being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.

Posted in Uncategorized | 19 Comments

Phone Lines Open Again at Most NACA Offices

We want to thank our members for their extreme patience over the last few weeks as we have had to close all NACA offices to the public and move to a work-from-home operational model during the pandemic.

During this time, local offices’ phone lines automatically rolled over to NACA Member Services, which became overloaded with thousands of phone calls. This caused members to have unavoidably long wait times to speak to a representative, for which we apologize.

However, we are thrilled to announce that as a first step toward getting our offices back open, our office admins and counselors are back to work in most local offices, meaning that calls to the local office will now be answered locally, eliminating the extreme wait times so many have experienced.

We invite our members to call their local NACA offices once again where applicable. This will allow you to both avoid and reduce the number of long waits to speak with a NACA representative.

Please note that all NACA appointments will still be conducted by videoconference for the foreseeable future. However, we are very happy to let you know that communicating with your local office by phone is an option once again.

Posted in Uncategorized | 59 Comments

INVITATION HOMES TENANT ABUSE

*****PRESS RELEASE*****
FOR IMMEDIATE RELEASE
Press Release – June 2, 2020



CONTACT:

Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com
Abriel St. Ange – Media Specialist; Cell: 857-529-3220; abriel.st.ange@naca.com

INVITATION HOMES EXPLOITS TENANTS DURING PANDEMIC CRISIS

AS THE LARGEST LANDLORD OF SINGLE-FAMILY HOMES IN AMERICA, INVITATION HOMES IS NOT PROVIDING TENANTS RELIEF AND IS RAISING RENTS


(BOSTON– June 2, 2020) – NACA, the largest non-profit HUD approved housing counseling organization, is working with thousands of Invitation Home tenants to organize and advocate for their rights. (click here for Invitation Homes Tenant website)

The tenants and others have responded to a mass mailing NACA sent to over 80,000 Invitation Homes tenants. The overwhelming response from thousands of tenants report having major issues, including extremely high rents, excessive rent increases, arbitrary high fees, refusal to make even critical repairs and other issues. This includes Invitation Homes’ shocking demand that even tenants struggling financially because of the Covid-19 pandemic must make their rental payment on time.

It is unconscionable to require rental payments and increase rents on tenants who have been impacted by the pandemic crisis, and in many states it is illegal. Instead, Invitation Homes minimizes costs and maximizes rents and fees for the sole purpose of providing the largest possible returns to investors, with no consideration of today’s unprecedented circumstances. In other words, its profits come directly from tenant exploitation.

A previous corporate loan deal should have prevented these practices. In 2017 Invitation Homes financed $1 Billion in collateralized debt, with their portfolio of houses as the collateral. The funding came from Wells Fargo, the nation’s most notorious bank, still under government sanctions for its predatory practices. In an unprecedented act, the financing was guaranteed by Fannie Mae. Under the CARES Act, renters living in a property with a GSE-backed mortgage are protected by a temporary eviction moratorium and other restrictions. While this funding opened the door for even more predatory activity against tenants, the deal also places the more than 80,000 homes owned by Invitation Homes under federal government regulation, including the tenant protections provided by the CARES Act.

Bruce Marks, NACA CEO, explains “Invitation Homes is a Wall Street predator. Every single one of their 80,000 homes was owner occupied prior to the 2008 mortgage crisis. They are now using their mortgage power in their 16 markets to exploit their tenants, add to the affordable housing crisis and raise housing prices for homebuyers.”

Francisca and husband Steve Bello, are one of many Invitation Homes tenants who have complaints about Invitation Homes. They say, “Invitation Homes has increased our rent from $1,705 to $2,005. I am pregnant and both my husband and I have lost our jobs due to the pandemic. We were hoping for some assistance from Invitation Homes but they still required payment and they were only willing to not charge us any late fees.”

With the help of NACA, thousands of Invitation Homes tenants are now reaching out within their community to involve other tenants in advocating for their rights. If Fannie Mae, Wells Fargo and Wall Street investors can enable Invitation Homes to profit from tenant exploitation and worsen the affordable housing crisis in this country, then the tenants, NACA and other advocates will take action to fight this exploitation. The tenants have the power to protest, withhold rent and work with political and community leaders to hold Invitation Homes and its executives accountable. This turns the tables on Wall Street and other investors who thought they could generate massive returns by creating a dominant, greed focused single-family landlord.

NACA (NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (www.naca.com)
Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy and homeownership organization in the United States. NACA has been the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners. NACA provides the best mortgage in the country through its 48 offices nationwide. NACA’s founder and 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. He has also testified before Congress on numerous occasions including September 12, 2000—being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.

Posted in Uncategorized | 12 Comments

THOUSANDS ATTEND FIRST EVER VIRTUAL HOMEOWNERSHIP EVENT TO ACCESS NACA’S BEST IN AMERICA MORTGAGE

*****PRESS RELEASE*****
 FOR IMMEDIATE RELEASE
May 20, 2020

CONTACT:

Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com 
Abriel St. Ange – Media Specialist; Cell: 857-529-3220; abriel.st.ange@naca.com 

NACA IS PROVIDING EXTRAORDINARY HOMEOWNERSHIP OPPORTUNITIES FOR LOW-TO-MODERATE INCOME AND MINORITY HOMEBUYERS

(BOSTON– May 20, 2020) – NACA, the largest non-profit HUD approved counseling organization, is making mortgage history in overcoming the obstacles of this pandemic. Over ten thousand low-and moderate-income and minority homebuyers participated in NACA’s first-ever virtual Achieve the Dream event over four-days this past Thursday through Sunday.  As a result of the massive demand, additional four-day events are scheduled every week through June.

During this virtual four-day event, homebuyers throughout the country received comprehensive counseling and education to access NACA’s Best in America Mortgage: no down-payment, no closing costs, no fees at a below market fixed rate (3.125% 30-year and 2.375% 15-year as of 5/20/20). By making use of webinars, videoconferencing and electronic document submission, homebuyers complete NACA’s qualification process in one day. The homebuyer attends a Homebuyer Workshop, meets with a housing counselor, and then has their file underwritten to be NACA Qualified to begin the housing search.

NACA Founder and CEO Bruce Marks said, “The online Achieve the Dream events are going to change the mortgage industry as we know it and make affordable homeownership available to more people than ever before. Nothing like this has ever been done before in the history of mortgage lending, especially at this scale. Even during the pandemic, NACA is continuing to create new homeownership opportunities on a massive scale while still protecting the health and safety of the participants and staff.”

NACA, with $15 billion in mortgage funds, $10 billion from Bank of America, dedicated to this one extraordinary mortgage product.  It overcomes the four major obstacles to homeownership for working people:

  • Obstacle: Significant Savings
  • NACA Solution: No Down-Payment & No Closing Costs
  • Obstacle: Unaffordable Terms
  • NACA Solution: Below market fixed rate (3.125% 30-year & 2.375 15-year as of 5/21/20)
  • Obstacle: Restrictive Underwriting
  • NACA Solution: Character-based lending with no consideration of credit score
  • Obstacle: Racism & Biases
  • NACA Solution: Pre-approval making the homebuyer desirable for R.E. agents, sellers and lenders.
Comments from just a few of the many people qualified at the virtual Achieve the Dream Event:
  • Shanetta Little, New Jersey: https://vimeo.com/419429758
  • Michelle Gutierrez, California:  https://vimeo.com/419332120
  • Robyn Arcangel, North Carolina: https://vimeo.com/420357755
  • Nyeisha Morris, North Carolina: https://vimeo.com/419150194
  • Information and registration for Homebuyer’s Workshops and the Achieve the Dream Events are on www.naca.com.

    Media links:
    Fox 4 Dallas: https://youtu.be/0yYV3AODw7A?list=PLOKHTNNOOuimIC1fm8sxnjg4OzHIIeY5B
    CBS 3 Philadelphia: https://youtu.be/-Bfbjdui0_A
    Maria Lara Testimony: https://youtu.be/L2uUrtDVBhU?list=PLOKHTNNOOuimIC1fm8sxnjg4OzHIIeY5B
    CNBC at Miami Event: https://www.facebook.com/watch/?ref=external&v=564349637328357

    NACA (NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (www.naca.com)

    Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy, and homeownership organization in the United States. NACA has been the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners.  NACA provides the best mortgage in the country through its 48 offices nationwide. NACA’s founder and 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. He has also testified before Congress on numerous occasions including September 12, 2000—being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.

    Posted in Uncategorized | Leave a comment

    THOUSANDS ATTEND FIRST EVER VIRTUAL HOMEOWNERSHIP EVENT TO ACCESS NACA’S BEST IN AMERICA MORTGAGE

    *****PRESS RELEASE*****
     FOR IMMEDIATE RELEASE
    May 20, 2020

    CONTACT:

    Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com 
    Abriel St. Ange – Media Specialist; Cell: 857-529-3220; abriel.st.ange@naca.com 

    NACA CREATES NEW MORTAGE LENDING STANDARDS AND OPPORTUNITIES

    (BOSTON– May 20, 2020) – Mortgage industry history was made over the past weekend as thousands of homebuyers were counseled in the first of a series of massive virtual homebuying events.  NACA, America’s largest HUD certified counseling agency, conducted the entirely online event in which buyers were given access to NACA’s extraordinary mortgage: no down-payment, no closing costs, no fees at a below market fixed rate (3.125% 30-year and 2.375% 15-year as of 5/19/20). 

    More than 7,500 people were counseled during NACA’s first-ever virtual Achieve the Dream Event over four days, May 14-17.  NACA made use of its state-of-the-art technology to allow thousands of primarily low- and moderate-income homebuyers to access NACA’s Best in America mortgage program to buy a home with the best terms in the country. Many were NACA Qualified (i.e. pre-approved) the same day, all without leaving the comfort and safety of their homes.

    By making use of webinars, videoconferencing and electronic document submission, homebuyers were able to complete NACA’s process to be qualified for NACA’s unequaled mortgage product. The virtual Achieve the Dream event used the same four basic steps as their live Achieve the Dream events conducted across the country the past two years. During the virtual event, homebuyers:

    • Attended an online version of NACA’s Homebuyer Workshop to learn how the NACA program works and to learn how to become NACA members.
    • Uploaded required documents to their NACA file.
    • Met with a NACA counselor by videoconference to review readiness for homeownership and an affordable payment.
    • Met with a NACA underwriter by video conference or phone to be NACA Qualified (i.e. pre-approved) or their next steps.

    NACA, with $15 billion of this outstanding mortgage, uses character-based underwriting instead of credit scores to qualify buyers. As a result of the phenomenal success of the first event, additional events are scheduled through May with more coming in June to meet the greater-than-expected demand.

    Comments from just a few of the many people qualified at the virtual Achieve the Dream Event:

    Shanetta Little, New Jersey: https://vimeo.com/419429758

    Michelle Gutierrez, California:  https://vimeo.com/419332120

    Akele Gause, North Carolina : https://vimeo.com/418986325

    Nyeisha Morris, North Carolina: https://vimeo.com/419150194

    NACA Founder and CEO Bruce Marks said, “Just as with our live events, our counselors and underwriters were staying until one o’clock in the morning to make sure every single person was helped. Nothing like this has ever been done before in the history of mortgage lending, especially at this scale. Even during the pandemic, NACA is continuing to create new homeownership opportunities on a massive scale while still protecting the health and safety of the participants and staff.”

    Registration for the second and third virtual Achieve the Dream Events May 21-24 and May 28-June 1 is already full, and the series will be continued well into June.

    Bruce Marks continued, “The online Achieve the Dream Events are going to change the mortgage industry as we know it and make affordable homeownership available to more people than ever before. Even more homebuyers will now have the opportunity to take advantage of the unbeatable terms of the NACA program and do so on a scale never seen before. 

    Media links:

    Fox 4 Dallas: https://youtu.be/0yYV3AODw7A?list=PLOKHTNNOOuimIC1fm8sxnjg4OzHIIeY5B
    CBS 3 Philadelphia: https://youtu.be/-Bfbjdui0_A
    Maria Lara Testimony: https://youtu.be/L2uUrtDVBhU?list=PLOKHTNNOOuimIC1fm8sxnjg4OzHIIeY5B
    CNBC at Miami Event: https://www.facebook.com/watch/?ref=external&v=564349637328357

    Information and registration for Homebuyer’s Workshops and the Achieve the Dream Events are on www.naca.com.

    NACA (NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (www.naca.com)

    Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy, and homeownership organization in the United States. NACA has been the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners.  NACA provides the best mortgage in the country through its 48 offices nationwide. NACA’s founder and 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. He has also testified before Congress on numerous occasions including September 12, 2000—being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.

    Posted in Uncategorized | 4 Comments

    NACA Launches Largest Nationwide Virtual Homeownership Event

    *****PRESS RELEASE*****
     FOR IMMEDIATE RELEASE
    May 16, 2020

    CONTACT:

    Tim Trumble – Media Coordinator; Cell: 617-947-2632; ttrumble@naca.com 
    Abriel St. Ange – Media Specialist; Cell: 857-529-3220; abriel.st.ange@naca.com 

    DESPITE PANDEMIC, THOUSANDS ATTEND HOMEOWNERSHIP EVENT TO ACCESS NACA’S BEST IN AMERICA MORTGAGE

    COUNTER TO “CONVENTIONAL WISDOM”, WORKING PEOPLE IN HUGE NUMBERS ARE ENGAGING IN THE HOMEBUYING PROCESS

    (BOSTON– May 16, 2020) – Starting Thursday May 14th NACA, America’s largest HUD certified counseling agency, is conducting a series of massive four-day virtual homebuying events. NACA is changing the face of mortgage lending nationwide by counseling thousands of homebuyers each day and providing access to an extraordinary mortgage: no down-payment, no closing costs, no fees at a below market fixed rate (3.0% 30-year and 2.375% 15-year as of 5/14/20).  While lenders are tightening their underwriting, NACA, with $15 billion of this outstanding mortgage, uses character-based underwriting to qualify buyers instead of credit scores. 

    These virtual Achieve the Dream Events will take advantage of NACA’s state of the art technology to allow thousands of primarily low and moderate income homebuyers to access NACA’s Best in America mortgage program to buy a home with the best terms in the country. Many will get NACA Qualified (i.e. equivalent of pre-approval) the same-day, all without leaving the comfort and safety of their homes.

    NACA’s technology allows homebuyers to submit all necessary documents electronically and meet with a NACA counselor via teleconference creating a virtual environment.  NACA provides comprehensive counseling and access to the NACA mortgage to thousands of homebuyers over the four-day event.  Additional events are scheduled through May with more coming in June to meet the tremendous demand.

    NACA Founder and CEO Bruce Marks said, “The virtual Achieve the Dream Events allow us to maintain the unprecedented success we created with our live Achieve the Dream events and transfer it into an entirely online environment. This not only allows NACA to continue to create new homeownership opportunities on a massive scale, but to also make every event a nationwide event instead of a local or regional one, all the while protecting the health and safety of the participants and staff. It’s all hands-on deck for our team. Nothing like this has ever been done before in the history of mortgage lending, especially at this scale.”

    NACA’s will have more than 250 counselors from coast to coast participating in the events, which means homeownership counseling will be happening on a scale not seen since NACA’s historic “Save the Dream” events during the mortgage crisis. Advance registration for the first week’s event is already at capacity of over 7,500 homebuyers, and the following weeks are filling rapidly.

    The virtual Achieve the Dream events will have the same four basic steps:

    • Attend an online version of NACA’s Homebuyer Workshop to learn how the NACA program works and to learn how to become NACA members.
    • Upload required documents to their NACA file.
    • Meet with a NACA counselor to review readiness for homeownership and an affordable payment.
    • Meet with a NACA underwriter to be NACA Qualified (i.e. pre-approved) or their next steps.

    Bruce Marks continued, “These events will not only give homebuyers the continued opportunity to take advantage of the unbeatable terms of the NACA program but do so on a scale never seen before in American history.  The online Achieve the Dream Events are going to change the mortgage industry as we know it and make affordable homeownership available to more people than ever before.”

    Media links:

    Fox 4 Dallas: https://youtu.be/0yYV3AODw7A?list=PLOKHTNNOOuimIC1fm8sxnjg4OzHIIeY5B
    CBS 3 Philadelphia: https://youtu.be/-Bfbjdui0_A
    Maria Lara Testimony: https://youtu.be/L2uUrtDVBhU?list=PLOKHTNNOOuimIC1fm8sxnjg4OzHIIeY5B
    CNBC at Miami Event: https://www.facebook.com/watch/?ref=external&v=564349637328357

    Information and registration for Homebuyer’s Workshops and the Achieve the Dream Events are on www.naca.com.

    NACA (NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA (www.naca.com)

    Started in 1988, NACA is the largest HUD-Certified nonprofit, community advocacy, and homeownership organization in the United States. NACA has been the forefront in fighting predatory lending and has been the most effective organization in providing affordable solutions to over 250,000 homeowners.  NACA provides the best mortgage in the country through its 48 offices nationwide. NACA’s founder and 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. He has also testified before Congress on numerous occasions including September 12, 2000—being one of the few to sound the alarm of the pending mortgage crisis. For more information, please visit www.naca.com.

    Posted in Uncategorized | 2 Comments
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