Homeowners ‘March’ Against Foreclosure

America’s largest and most militant homeownership organization, NACA, The Neighborhood Assistance Corporation hired out the grand hotel for five days, and brought 460 staffers from 38 offices to Washington for a five day event to demonstrate that their approach to stopping foreclosures is superior to everything that is being done elsewhere or proposed in Congress. They reference “the dream” too, 45 years ago activists wanted to claim it. Today, they fight to save it.

NACA believes that making mortgages affordable is the only way to stabilize at-risk homeowners. They call on banks to restructure mortgages, lower interest rates and replace adjustable mortgages and ARMS with low fixed rates for the long term.