December 21st, 2009 
admin 
Home foreclosure prevention efforts are being carried out two large faith-based advocacy groups in Contra Costa, California.
These two organizations are the Contra Costa Interfaith Supporting Community Organization, which is based in Antioch and which is supported Catholic churches with predominantly Spanish-speaking members; and the Rainbow PUSH Coalition, which was founded the Reverend Jesse Jackson and supported Afro-American Protestant church groups in Pittsburgh and Antioch.
With well-attended rallies and protest actions, the two organizations have attracted attention from lawmakers and mortgage lenders. Over the past months, the two groups have held church rallies joined hundreds of people, bullhorn protests infront of banks and a chartered bus trip to Washington, D.C. to lob for homeowners.
In a rally last October in Antioch, leaders from the two groups spoke and reiterated the need for homeowners to eliminate misunderstandings about faith and race so they can help each other in saving their homes and keep their families together.
R. Mario Howell, head pastor of Antioch Church Family, the oldest Afro-American congregation in Antioch, said that church groups can no longer sustain providing rent money or grocery money to distressed homeowners, but they can continue helping them save their dwellings from home foreclosure providing them with a united and strong voice.
This year, more than 8,000 households in Contra Costa County have lost their homes to foreclosure, with more than half of foreclosures occurring in Antioch, Pittsburgh, Bay Point, Oakley, Discovery Bay and Brentwood.
As a result of the work of the two advocacy groups and local government officials, Barbara Desoer, president for mortgage at Bank of America, has committed to meet with officials of CCISCO in January next year.
In January, city councils in the Contra Costa region will also meet to consider pulling out their investments from banks that ignore city requests for loan modification negotiations. Oakley City manager Bryan Montgomery said that banks need to show good faith in their efforts.
Representative John Garamendi also said that he has been supporting the efforts of CCISCO in pushing for change in loan modifications.
Meanwhile, the California Mortgage Bankers Association insisted that lenders are making unprecedented efforts to deal with loan defaults, but that loan modifications take time because there are a lot of investors involved in every home loan.
Bank of America and Wells Fargo announced that they have saved more than 422,000 mortgages and 385,000 mortgages, respectively, from home foreclosure through loan modifications this year.
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Tags: Efforts, Foreclosure Prevention, Foreclosure Prevention Efforts, Prevention Efforts