Mo’ Money, Mo’ Money, Mo’ Money
By Consumers Union on Friday, August 8th, 2008
Take a look at this compelling short documentary that tells the story of borrowers who were lied to and ignored by their mortgage loan servicers. Mo’ Money, Mo’ Money, Mo’ Money: How Greedy Corporations Destroy the
American Dream, shows how the foreclosure crisis affects everyone and reveals how this disaster could have been avoided if regulators and government officials did not ignore the predatory lending practices that are at the root of this crisis.
Produced by the California Reinvestment Coalition, this sobering documentary underscores the need for greater regulation of the mortgage lending and servicing industry in an effort to prevent unnecessary foreclosures. Sadly, the number of defaults and foreclosures in California continues to rise while foreclosures continue to dominate over loan modifications that can help keep borrowers in their homes and paying their mortgages. How much longer does this have to go on before our policymakers act to protect the public?
Help spread the word about this important documentary. Send it along to your friends and family.