Protest Countrywide: Save people’s homes! 10/11
Posted on Oct 10th, 2007
by
Lorenzo
Not really a blog entry and I'm not clear on how appropriate posting political actions is here is, but here is the official poster, good through tomorrow morning - - -
Change or defeat Countrywide and the rest will follow
Countrywide Must Change its Predatory Practices or Be Shut Down
Countrywide is the primary example of predatory practices that destroy the dream of homeownership for massive numbers of working people. Countrywide mortgage holders, Countrywide employees, homeowners with an unaffordable mortgage, and everyone concerned about economic justice and equality need to join NACA, City Life/Vida Urbana, and the Green-Rainbow Party in this campaign.
TAKE ACTION:
DATE: THURSDAY, OCTOBER 11
TIME: 11:0O A.M.
WHERE: GATHER AT NACA – 3593 Washington St. , JAMAICA PLAIN
WHO: COUNTRYWIDE HOMEOWNERS, OTHERS AT RISK OF FORECLOSURE & SUPPORTERS
ACTION: KICKOFF OF NATIONAL CAMPAIGN TO BOYCOTT COUNTRYWIDE
MORE INFORMATION: CONTACT “MASS. ALLIANCE TO STOP PREDATORY LENDERS” AT
1-888-297-5568 (NACA office) or HYPERLINK "http://www.naca.com/" www.naca.com
Countrywide’s Lending is Predatory:
Countrywide’s mortgage lending includes outrageous fees and unaffordable terms.
Countrywide’s Servicing is Predatory:
Countrywide demands thousands of dollars to stop foreclosures on unaffordable mortgages. They are terminating over 12,000 employees, while hiring people abroad to foreclose on American Homeowners.
Here is what some Countrywide Customers have said
"My mortgage went from $906.57 a month to $1213.75. I cannot afford to pay that amount.” Darrell - Acworth, Georgia
“Although we knew the interest rate was not fixed, we were told we could refinance to a fixed within 6-12 months. When we contacted them to do so, they were unable to help us.” Martin - Raynham, Massachusetts
“As a first-time buyer I trusted them and they totally misrepresented me putting me into a situation that I cannot afford any longer. I also have prepayment penalty fees causing it to be impossible to afford to refinance through Countrywide since they are not willing to waive closing costs of $25,000 plus the pre-payment penalty fees.” Danielle - Boca Raton, Florida
“Countrywide Home Loans increased my rate which made no sense if rates were only to increase as the market rate increased. And all commercials refer to the fact that rates have never been this low, and yet they have sent me notification that my rate will increase to 12.45%.” Litamykel - Memphis, Tennessee
“We were able to make payments on time and save money to pay our property taxes when we were paying $1200 month with an interest rate of 7%. But when our Adjustable rate went up to 10.875% and our payments increased by $400 a month we struggled to make the payment every month. Now that the rate has risen drastically we wish that we would have been more informed and someone would have been watching out for us.” Jeremy - Anna, Texas
“We got a phone call one night that I wish we had never answered. We didn't even need to re-fi, but he made it sound so good, we took the bait. We got involved with Countrywide, an underhanded institution that told us we might as well sell our home and take our lumps.”
Pamela - Rohnert Park, California
“I tried making arrangements but they want to increase my mortgage at a very high monthly payment. I tried to go without my medicines and other things in order to meet that need, but each month the payment increased.” Anita - Birmingham, Alabama
Change or defeat Countrywide and the rest will follow
Countrywide Must Change its Predatory Practices or Be Shut Down
Countrywide is the primary example of predatory practices that destroy the dream of homeownership for massive numbers of working people. Countrywide mortgage holders, Countrywide employees, homeowners with an unaffordable mortgage, and everyone concerned about economic justice and equality need to join NACA, City Life/Vida Urbana, and the Green-Rainbow Party in this campaign.
TAKE ACTION:
DATE: THURSDAY, OCTOBER 11
TIME: 11:0O A.M.
WHERE: GATHER AT NACA – 3593 Washington St. , JAMAICA PLAIN
WHO: COUNTRYWIDE HOMEOWNERS, OTHERS AT RISK OF FORECLOSURE & SUPPORTERS
ACTION: KICKOFF OF NATIONAL CAMPAIGN TO BOYCOTT COUNTRYWIDE
MORE INFORMATION: CONTACT “MASS. ALLIANCE TO STOP PREDATORY LENDERS” AT
1-888-297-5568 (NACA office) or HYPERLINK "http://www.naca.com/" www.naca.com
Countrywide’s Lending is Predatory:
Countrywide’s mortgage lending includes outrageous fees and unaffordable terms.
Countrywide’s Servicing is Predatory:
Countrywide demands thousands of dollars to stop foreclosures on unaffordable mortgages. They are terminating over 12,000 employees, while hiring people abroad to foreclose on American Homeowners.
Here is what some Countrywide Customers have said
"My mortgage went from $906.57 a month to $1213.75. I cannot afford to pay that amount.” Darrell - Acworth, Georgia
“Although we knew the interest rate was not fixed, we were told we could refinance to a fixed within 6-12 months. When we contacted them to do so, they were unable to help us.” Martin - Raynham, Massachusetts
“As a first-time buyer I trusted them and they totally misrepresented me putting me into a situation that I cannot afford any longer. I also have prepayment penalty fees causing it to be impossible to afford to refinance through Countrywide since they are not willing to waive closing costs of $25,000 plus the pre-payment penalty fees.” Danielle - Boca Raton, Florida
“Countrywide Home Loans increased my rate which made no sense if rates were only to increase as the market rate increased. And all commercials refer to the fact that rates have never been this low, and yet they have sent me notification that my rate will increase to 12.45%.” Litamykel - Memphis, Tennessee
“We were able to make payments on time and save money to pay our property taxes when we were paying $1200 month with an interest rate of 7%. But when our Adjustable rate went up to 10.875% and our payments increased by $400 a month we struggled to make the payment every month. Now that the rate has risen drastically we wish that we would have been more informed and someone would have been watching out for us.” Jeremy - Anna, Texas
“We got a phone call one night that I wish we had never answered. We didn't even need to re-fi, but he made it sound so good, we took the bait. We got involved with Countrywide, an underhanded institution that told us we might as well sell our home and take our lumps.”
Pamela - Rohnert Park, California
“I tried making arrangements but they want to increase my mortgage at a very high monthly payment. I tried to go without my medicines and other things in order to meet that need, but each month the payment increased.” Anita - Birmingham, Alabama

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