.jpg)
FOR IMMEDIATE RELEASE Contact:
July 11, 2012 Camila Gallardo
(305) 573-7329
Cell: (305) 215-4259
cgallardo@nclr.org
SACRAMENTO, Calif.—Today, the National Council of La Raza (NCLR) commended California Governor Jerry Brown for signing the California Foreclosure Reduction Act (AB 278 / SB 900), a law that will finally put an end to the unfair “dual track” process that has caused many borrowers to lose their homes while being considered for a loan modification. NCLR also recognized state lawmakers for passing the legislation, and lauded the crucial work that its California Affiliates and a number of allies—including California Attorney General Kamala Harris, Sen. Ron Calderon (D–Montebello), East LA Community Corporation, TODEC Legal Center, Montebello Housing Development Corporation, Council for the Spanish Speaking in Stockton, Community HousingWorks of San Diego, and Neighborhood Housing Services of Orange County—did to help secure the passage of the bill.
“The California Foreclosure Reduction Act, championed by Attorney General Kamala Harris and Senator Ron Calderon, is a significant victory for Latino families and all Californians,” said Delia de la Vara, NCLR’s Vice President for the California Region. “NCLR and our California Affiliates are proud to have played a role in passing this important bill that will finally put an end to the unfair ‘dual track’ process that traps homeowners while they are seeking a loan modification. This bill should serve as a model for other states and the Consumer Financial Protection Bureau as they develop the National Mortgage Servicing Standards.”
NCLR—the largest national Hispanic civil rights and advocacy organization in the United States—works to improve opportunities for Hispanic Americans. For more information on NCLR, please visit www.nclr.org or follow along on Facebook and Twitter.
###