Word: clinics
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Williams, a real estate attorney who organized this week's foreclosure-prevention clinic in his predominantly African-American city north of Miami, knows the Feds aren't likely to approve his proposal. But he wants to get the discussion started - and to keep any pressure he can on lenders. "Even if we can't compel them, we want lenders to know that we're expecting good corporate citizenship in this process," he says. "The real relief in this credit crisis has to be directed at the thousands and thousands of people whose homes we can help save...
...Fargo, have already instituted loan-modification programs (if only, critics say, to head off any government-imposed solution). "We've always been committed to foreclosure outreach," says Joe Ohayon, vice president at Wells Fargo Home Mortgage, one of seven lending institutions that voluntarily took part in the Miami Gardens clinic and have won praise from Miami Gardens officials. "And we're just as committed to working with the cities, because they're viewed [by borrowers] as a trusted third party that helps us make early contact" with at-risk homeowners. Ohayon and other lenders also point out that while they...
...Baltimore for allegedly using predatory lending practices in predominantly African-American neighborhoods that have since seen inordinately high foreclosure rates. (Wells Fargo denies the accusation, and has asked a judge to dismiss the suit.) Countrywide Financial (now merged with Bank of America), which also attended the Miami Gardens clinic, last month settled lender-fraud complaints brought against it by 11 states by agreeing to lower home-loan amounts and interest rates at a cost of $8.4 billion...
Either way, it was obvious at Tuesday night's clinic how desperately these communities need massive mortgage aid right now - and how big a challenge providing it can be. A large group of residents from a newer, more upscale Miami Gardens housing development called Coconut Cay showed up for loan relief. During the overpriced-housing boom of this decade, some of the houses went for more than $500,000 - but now a number of buyers are wrestling with more mortgage costs than their battered finances can handle. It's a reminder that rash borrowers are often as responsible...
...what I could do to help the polo team, which at that time had no place to play and no horses,” Jones said in a phone interview Sunday. “I had two polo fields and plenty of horses, so I conducted a pre-season clinic in my San Saba ranch. It was a terrific success last year. It was a success this year. The kids worked hard and learned a great deal...