[Update: Date for protests added] The Association of Community Organizations for Reform Now (ACORN) announced it’s targeting servicers it says aren’t complying with the guidelines of the Making Home Affordable Modification Program (HAMP) in its latest protest campaign. In the first phase of ACORN’s “Home Wrecker” campaign, it used demonstrations in cities nationwide to protest servicers who hadn’t signed on to HAMP, targeting what it called the “Home Wrecker Four” — OneWest, Litton Loan Services, American Home Mortgage and HomEq — which all eventually signed onto the program. In phase two, ACORN said it will use the same protesting techniques to target servicers who it claims are continuing foreclosure proceedings on HAMP-eligible borrowers. ACORN will organize protests on August 19 in Los Angeles, Dallas, Wilmington and New York City, and the campaign may be expanded it include protests in Lansing, Houston, Hartford, Seattle and Little Rock. While it conducts its protests, ACORN said it will also work with servicers to develop strategies to improve the program’s effectiveness. Write to Austin Kilgore.
ACORN Targets HAMP Noncompliance
Most Popular Articles
Latest Articles
Mortgage groups gear up to get trigger leads bill passed in 2025
The trigger leads bill has become a 2025 priority for the mortgage industry after failing to pass the House of Representatives last week, despite Senate approval.
-
CFPB sues Rocket, The Jason Mitchell Group over RESPA violations
-
The homebuilders’ 2025 supply and demand problem
-
Mortgage groups push FHA for loss mitigation extension
-
What it’s like connecting reverse mortgage professionals with forward lending partners
-
Rocket’s counterpunch: Calling Out HUD and the DOJ