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In addition to foreclosure prevention and community Organizing, ESOP uses the practical experience gained from helping homeowners and organizing in neighborhoods and puts it to use in advocacy efforts. We urge local, state and national officials to implement common sense financial standards and regulations that give everyone fair access to credit, housing and financially stable communities.
The nearly $700 billion mortgage debt overhang is holding back the recovery of the housing market and broader economy.
The only way to change the imbalance between the size of the mortgage and the value of the home is to reduce principal balances.
After a two-year battle, which ended this evening, the Senate confirmed Richard Cordray as Director of the Consumer Financial Protection Bureau by a vote of 66-34. This is a major victory for American consumers and common sense financial reform in the wake of the financial crisis.
Home for Good is a national campaign that is driven by individuals and organizations throughout the nation concerned about the enduring foreclosure and housing crisis.
For more information on ESOP’s advocacy efforts contact:
Deonna Kirkpatrick, Director of Communications
216.361.0718 ext. 1027