Skip navigation
Annenberg School of Communication and Journalism University of Southern California

Southern California

Homeowners Struggle with Unaffordable Mortgages

NACA works with U.S. banks to approve homeowners' adjusted mortgages.

Hundreds of homeowners at the American Dream Tour gathered outside the Los Angeles Convention Center on Thursday to protect their homes from foreclosure.

The Neighborhood Assistance Corporation of America (NACA) is helping homeowners make modifications to their high priced mortgages.

NACA has established a contract with major U.S. banks, promising that lenders will lower the monthly payment if homeowners can verify that the mortgage was set up for failure.

Because people cannot pay off their mortgages, they are losing their jobs.

For L.A. residents, this is their last chance to protect not just their homes but their way of life.

New home sales in 2011 were the worst yet, and most existing homesales were made off of foreclosures.

RELATED ARTICLES:

Two Arrested at Foreclosure Protest

Rally Raises Awareness about Foreclosures

Neon Tommy: States Come Even Close To $25 Billion Mortgage Deal

COMMENTS
Leave a comment
Name:
E-mail:*
URL:
Comments:*

USC Graduate Student Found Dead in Apartment


By Kate Flexter
07/24/14 | 1:41 p.m. PDT

A 24-year-old Chinese USC engineering graduate student was found dead on Thursday at an apartment in the University Park area...

Pac-12 Media Day Sitdown with Head Coach Steve Sarkisian


By Matthew Tufts and Alyssa Nakamoto
07/23/14 | 7:13 p.m. PDT

USC head football coach Steve Sarkisian talks about coming to USC, the training and development of his players, and the...

Pac-12 Media Day Exclusive: Leonard Williams

Pac-12 Media Day Sitdown with Cody Kessler

Real Life Superhero Works to Keep Kids Safe

NCAA Tournament: USC Press Conference

We detected that you might be on a mobile device such as an iPad or iPhone. Sorry, at this time the video box is only visible on desktop computers.
MOST POPULAR

USC Graduate Student Found Dead in Apartment


By Kate Flexter
07/24/14 | 1:41 p.m. PDT

A 24-year-old Chinese USC engineering graduate student was found dead on Thursday at an apartment in the University Park area...

Pac-12 Media Day Sitdown with Head Coach Steve Sarkisian


By Matthew Tufts and Alyssa Nakamoto
07/23/14 | 7:13 p.m. PDT

USC head football coach Steve Sarkisian talks about coming to USC, the training and development of his players, and the...