EMERGENCY EVENT ALERT: Monday, November 19, 2012 JOIN NACA'S PROTEST AGAINST OCWEN’S ATTEMPT TO OUTSOURCE UNDERWRITING JOBS TO INDIA FOR AT-RISK AMERICAN HOMEOWNERS USING TAXPAYER FUNDS

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By Gloria Dulan-Wilson

Yes, you read the headlines correctly.  NACA is launching a Protest to Prevent Ocwen from Sending American Jobs to India. And these aren't just any jobs.  These are jobs that literally have the power of life and death over American families because they will be making decisions about mortgages and foreclosures on American homes, with little to no understanding or experience with the exigiencies or stresses American families face in the current economy; let alone the fact that they were pushed into untenable mortgages by predatory lending practices in the first place.
Additionally, they're seeking to use taxpayer dollars in making the move out of the country.  No doubt they haven't been paying attention to President Obama's resolve to return all domestic jobs to the United States; and to prevent any tax deduction or governmental support to businesses who take jobs out of the country.  Obviously Ocwen has no interest in the fact that many of these jobs can be done efficiently, effectively by Americans right here in the United States; or perhaps they thought we weren't paying attention, now that the elections have ended. 

Just when you thought the banks had finally gotten the message, and were coming onboard and dealing more humanely with their clients -  WE, THE PEOPLE -  Ocwen tries to pull a fast one and send key positions overseas to India.  Ever vigilant, NACA founder Bruce Marks has sounded the alarm and is planning a protest demonstration which will take place Monday, November 19, 2012. 

If you thought NACA was only about negotiating mortgages and foreclosure prevention, you're in for a major surprise.  NACA not only is the best mortgage company in the US, and holds the record for the highest number of homes saved from foreclosure; NACA has no compunction about taking stands and actively going hands on, when it comes to those banks and executives who demonstrate their insensitivity to the plight of Americans who have suffered considerably from the economic downturn, massive foreclosures, and underwater mortgages on homes that were overvalued (read - overpriced). 

Come out and stand up with NACA in protesting against this travesty.  STOP OCWEN FROM SENDING JOBS OVERSEAS.  Monday, November 19, 10:30 AM.  Free NACA Anti-Loan Shark tee shirts will be provided.   Working together we can stop predators from draining our economy and from taking much-needed jobs away from the people who need it most: WE, THE PEOPLE.
Stay Blessed &
ECLECTICALLY BLACK
Gloria Dulan-Wilson

 
Contact:  Darren Duarte                Bruce Marks, NACA - CEO
Tel. 617-947-2632                        Tel. 617-835-4477
Email: dduarte@naca.com             Email: bmarks@naca.com

 NACA PROTESTS OCWEN’S OUTSOURCING UNDERWRITING JOBS TO INDIA FOR AT-RISK AMERICAN HOMEOWNERS USING TAXPAYER FUNDS

WHAT: NACA and Homeowners attend court hearing on Ocwen’s acquisition of Ally, Inc.
WHY: OCWEN the 5th largest servicer uses taxpayer dollars to fund underwriting and servicing jobs in India that should be done by Americans. 
WHEN: Monday November 19, 2012 @ 10 A.M.
WHERE: Bankruptcy Court, One Bowling Green, New York City, N.Y.

(Boston, MA November 15, 2012) NACA and many homeowners will pack a New York City courtroom to testify and bring attention to the use of taxpayer monies in funding jobs overseas.  Ocwen is one of the largest servicers in America that is funded by American taxpayers to make foreclosure decisions on American homeowners at risk of foreclosure.  The servicing and underwriting decisions are not made by Americans familiar with the plight of American homeowners at-risk of losing their homes but by people located in India.  

Ocwen is now positioned to become the 5th largest servicer of home loans in the United States by purchasing mortgages and servicing for others.  While having its executive headquarters in West Palm Beach, Florida it is incorporated in the Virgin Islands and uses India as its primary operations.  Ocwen Financial Corporation won its bid to buy Ally Financial, Inc., which includes mortgage giant GMAC, owned by taxpayers after Ally received a series of taxpayer bailouts.  

Ocwen’s business model is to use taxpayer funds to hire low paid workers in India to determine whether to modify or foreclose on American homeowners.  American homeowners say they’re frustrated when they call Ocwen for assistance. 

Bruce Marks, Founder & CEO of NACA, the nations’ largest non-profit and community advocacy organization blasted Ocwen’s business model.  “On the heels of a national election where the outsourcing of jobs by American companies was criticized by both parties for keeping the unemployment rate high, here we have a corporation who wants to buy taxpayer owned mortgages and use taxpayer funds to create jobs overseas” said Marks.   “This is about greed,” said Marks, “It is an outrage that taxpayer funds for the government’s modification program known as HAMP, are allowed to be used to hire low wage workers in India when there are so many out of work Americans who are better qualified to do this work.  No overseas worker can understand and decision a loan for an American who is about to lose their home and much more.” 

NACA is requesting that the federal government stop payments to any company which services or underwrites mortgages for American homeowners overseas and receives taxpayer funds.  In addition, Wilbur Ross, the multi-billion dollar investor, who will become a major stockholder in Ocwen; and Warren Buffet, who owns some of the underlying assets, both need to take action to stop this abuse. 

About NACA (NACA.com)
NACA is the largest HUD certified counseling agency. It provides about 30% of the counseling in the country. It has more than 2 million members.  NACA provides free housing assistance to those at risk of foreclosure by restructuring mortgages to an affordable payment and by originating low interest home loans to mainly first time home buyers. NACA has been highlighted in the national news and its 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 who come through NACA.  See Bostonian of the Year.  He has also testified in congress on numerous occasions including on September 12, 2000, being one of the only people to sound the alarm of the pending mortgage crisis.  For more information go to www.naca.com

EVENT ALERT: Saturday, February 11, 2012 NACA Home Save and First Time Homebuyer Seminars in Queens

By Gloria Dulan-Wilson

For those of us who were not fortunate enough to get to Atlanta for the massive NACA Homesave Program, NACA (Neighborhood Assistance Corporation of America) will be holding two FREE Home Save and First Time Homebuyer Workshop/Seminars in the Queens and Brooklyn Area.

On Saturday, February 11, at Mt. Zion Bishop Church 106-60 Union Hall Street, in Queens, NY (near York College), they will hold back to back seminars beginning at 10:00AM and ending at approximately 3:00PM.

These seminars are mandatory prerequisites to be able to receive the free assistance NACA provides.

For those who are facing foreclosure, regardless of what borough you reside in, it is imperative that you not procrastinate, or stand on false pride, or continue to hold out hope that your bank will suddenly see you as a human being and relent. You need to get help FAST! If it's not you, but you are aware of someone who is going through it, then urge them to make it their business to be there to get the assistance they need.

President Barack Obama is working to get the relief we need from the onslaught of banks who have served as predatory lenders and are now trying to take your home; while at the same time lying and saying they don't want them. And while he is dealing with a hostile Congress, and businesses that would rather bleed you dry than see you thrive, you need to go where the help is.

On the other hand, for those who realize that paying rent is a road paved to nowhere, there is no equity, there is no ownership; that you are paying the same money you would if you were paying your own mortgage, but at the end of the day you have no control over the property, NACA'S FIRST TIME HOME BUYER PROGRAM is the only one in the nation that provides you with free counseling, a completely pre-APPROVED loan; Free Down Payment, Free Closing Costs, and a Mortgage 1% below prime. It is indeed THE BEST MORTGAGE IN THE NATION.

Now is the time for you to make that move, while the prices of housing are down, and the interest rates are low. Don't wait or procrastinate until everything is perfect with you. There's no such thing, for one, and perfection is totally overrated for two.

Make it your business to become a homeowner this year. Release yourself from the shackles of being a tenant; you can own a one to four family home and become a landlord (who charges reasonable rents), and reap the benefits of tax deduction that ownership conveys.

New York State Housing Commissioner Darryl Towns recently revealed that over 1600 lis pendens (foreclosure notice) were sent out in Central Brooklyn alone, within the hast three weeks. What to do to save these homes was the topic at a meeting held by Assemblywoman and NY State Banking Commissioner Annette M. Robinson, at Bed Stuy Restoration on January 27th.

It has also been high on the radar of State Senator Velmanette Montgomery, who hosted Commissioner Towns at a round table discussion in late December. Both legislators concur that Brooklyn continues to be the hardest hit in foreclosures, followed closely by Queens, because both boroughs tended to have high home ownership ratios.

The scurrilous fact is that while rent is being pushed as the antidote for the housing crises, with so many landlords trying to gouge tenants for higher than normal rents - approximating what one would pay for a mortgage; and with needed employment being slow to the region, there appears to be no relief for those in the middle, who are once again caught in a vicious squeeze play.

Couple that with the pervasiveness of the recent economic downturn, which basically rolled over Brooklynites - employed and business owners alike, and there has been little in the way of the kinds of comprehensive remedies necessary to return these communities to stability.

As a result of the high foreclosure numbers in Brooklyn, NACA will be hosting a Home Save workshop on Saturday, March 11, 2012 in Brooklyn. The Brooklyn address has not been finalized, but owing to the overwhelming numbers, we are anticipating using either the Armory on Bedford and Union, or a facility with a similar capacity.

However, a word of caution to those of you in Brooklyn who need help now, please do not wait until the March 10 workshop. You must go where the help is - and right now that's Mt. Zion Bishop Church 106-60 Union Hall Street, in Queens, NY. Take the F Train to the last stop, and walk two blocks to the facility. It's across from York College. There will be NACA signs posted to guide you to the right destination.

Those of you who are unfamiliar with NACA can go online and learn first hand the story of how this stalwart organization was founded. In fact, someone needs to give NACA's Founder and CEO Bruce Marks and his dedicated NACA staff of NACA counselors, an award for having saved hundreds of thousands of homes throughout the United State, while at the same time providig those would not have had the wherewithal, homes of their own.

You owe it to yourselves, your family, your community to take advantage of these services, and to share the information with family and friends. Don't sit there and suffer in silence. And for those who know, make sure the rest are as well informed as you are.

NOW THAT YOU KNOW, WHAT ARE YOU GOING TO DO?

Stay Blessed &
ECLECTICALLY BLACK
Gloria Dulan-Wilson

Check out gloriadulanwilson.blogspot.com on BlackList.Net