By: Joyce Cauthen

Joyce Cauthen — Wed, 27 Aug 2008 20:16:04 +0000

I have been concerned about Neighborworks and every other non profit organization that has the mission of supposedly helping homeowners. I am in the process of completing a book, titled the Unfortunate Truth” that talks about these organizatioins. It became clear to me sometime ago from my first hand experience that the non profits and lenders were in partnership and as a result, this whole Housing Bill of 2008 was a bill for the lenders, not the homeowners and was designed to assure their best interest would be maintained, not the homeowners. I have called for Dodd and Frank to reverse the bill, but that of course cannot happen.. I had talked with several other non profits in Washington only to find that the bill adopted was one that was very subtly designed by both the non profit and the lenders themselves. What a terrible shame the homeowners have had to endure not one, but two, possibly three victimizations from the very people who were supposed to be protecting them. This cannot be tolerated and the funds provided to this organization need to be repaid to the federal government on behalf of the taxpayers. Some profits have done some good work, but some have not , so it is important that any money given to them be very closely monitored. I do not wish to give the impression that I am hostile or disgruntled. or a difficult person. I have been working for three years for the benefit of minority groups that could not afford to pay someone to represent them and I never charged for my services and most assuredly and most importantly, I never have accepted any funds from other non profits, lenders, the fed government, realtors, servicers or anyone connected with the mortgage industry as being objective when I had to go into battle with the very lenders you say are the partners of this non profit, is critical.. What is the deal and how is it going to be remedied. Homeowners have been lefft in the lurch by these non profits and almost lost their homes.
I met so very many nice people that work for the NW, but I am concerned. In fact, it has been somewhat disappointing to know that they were not on top of things. About a year ago I talked with a gentleman who was supposedly a strong player on a legislative committee in Texas and I said to him, do you think we should talk about the unfair practices of loan servicers? He said to me, what are servicers? I told him, that’s okay. I’ll deal with it myself and that is exactly what I have done. Taking them to task is a primary concern which needs to be addressed.

Comments on: NeighborWorks Controlled by Government and Lenders to Borrowers Detriment (NW Coverage Part 1)

By: Joyce Cauthen