May
03
Antioch residents call on banks to renegotiate home loans
posted by admin in Home DepotSome East Bay residents are calling on three national banks to renegotiate their mortgages to help them avoid losing their homes.
About two dozen people protested outside the Antioch branches of Countrywide, Wachovia and Washington Mutual on Friday.
The protest was organized by a Contra Costa County interfaith group that wants the banks to convert customers’ risky, adjustable-rate mortgages into 30-year, fixed-rate mortgages to help prevent foreclosures.
A Wachovia spokeswoman says the bank is committed to working with borrowers to reach a solution that will help keep them in their homes.
Antioch is among the Bay Area cities hardest hit by the nation’s foreclosure crisis.
Tags: 30 year fixed rate mortgages, adjustable rate mortgages, anc, borrowers, contra costa county, customers, east bay, fixed rate mortgages, foreclosure, foreclosures, home loans, interfaith group, mortgages, national banks, protest, spokeswoman, wachovia, washington mutualRelated posts
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