Gordon Whitman: Fed Up With Big Banks
When individuals, religious institutions and local and state governments decide to move their money, it puts direct pressure on banks and on the federal government to change their policies. Cities and states have incredible leverage if they chose to use it.
Gordon Whitman: Clock Ticks for DeMarco
Ed DeMarco is overdue on his promise to tell whether he will reverse his stubborn opposition to principal reduction -- a practice that allows underwater homeowners to refinance their mortgages at the real value of their homes.
Gordon Whitman: Time for New Leadership at Fannie and Freddie: Obama Should Side With Homeowners Over Wall Street
Large-scale principal reduction is a win-win for homeowners and the economy. It would stabilize housing values and prevent foreclosures, while putting cash in the wallets of struggling families.
Gordon Whitman: Cry Baby: Bank of America’s CEO Incensed by Criticism
For years, faith, community and civil rights organizations have pushed BofA to stop mass foreclosures and help get the U.S. housing market working. Instead the bank has consistently chosen PR over substance.
Gordon Whitman: Foreclosure Fraud Is the Tip of the Iceberg
One year ago, homeowners from California, Missouri and Massachusetts marched into the U.S. Treasury and handed officials a foot-high stack of documents from 150 families trying to save their homes.
