Results tagged “foreclosure”

A prayer vigil and rally is scheduled to begin at noon at the Federal Reserve at 101 Market St. today, calling for solutions to widespread foreclosures. Rev. Jesse Jackson, who is currently on a national tour promoting his nonprofit RainbowPUSH Coalition's campaign for mortgage relief for homeowners facing foreclosure, is scheduled to appear. Jackson and other religious and community leaders are putting pressure on lenders to restructure loans in order to avoid foreclosures.

    

Several rallies in Northern California happened today calling for lawmakers to help on a moratorium of foreclosures. ACORN (Association of Community Organizations for Reform Now) helped spark the protests, calling on all "mortgage lenders and servicers to implement a 90-day foreclosure moratorium and to use this time to modify loans to affordable terms for homeowners."