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CCISCO

Contra Costa Interfaith Supporting Community Organization

CCISCO helps everyday people win extraordinary victories, not by speaking for them, but by providing a vehicle for them to speak, act and engage in the public arena for themselves. Since 1996, we have been organizing a voice for justice and equity in Contra Costa. We are a multi-ethnic, multi-generational, interfaith federation of 25 congregations and youth institutions representing over 35,000 families.

CCISCO is a 501(c)(3) Organization – Donate Today!

Latest News

CCISCO Hosts Press Conference to Demand Chase Stop Foreclosing on Families!

OAKLAND, CA–On Wednesday, July 28 faith and community leaders who have been directly impacted by Chase's harmful corporate practices will join in front of Chase Bank in Oakland to demand that Chase stop unfairly foreclosing on families. Although a meeting with top Chase executives was planned on the same day, at the last minute, Chase refused to meet with community leaders despite public commitments from CEO Jamie Dimon.

CCISCO and PICO National Network leaders and their allies are continuing to press forward to hold Chase accountable and Wednesday's press conference will be the launch of a new campaign to expose Chase's horrific record and take dramatic action to divest billions of dollars from JP Morgan Chase.
 
At the event, CCISCO will present proposals for reform that will help keep families in their homes and rebuild the neighborhoods that have been devastated by the harmful practices of Chase and other big banks. 

Out of the 600,000 Chase borrowers who were offered trial loan modifications last year through HAMP and the company's own programs, less than 15 percent were approved for a permanent change in terms.  The figures are even more dire looking strictly at HAMP. Only some 7,100 Chase mortgage holders have received permanent modifications out of more than 156,000 trials started under the program, or less than 5 percent (see chart below for modification data by mortgage servicer). In January of this year, JPMorgan Chase, announced fourth-quarter profits of $3.3 billion.   HAMP's overall numbers also underscore banks' blanket resistance to changing mortgages. According to a November report from the Treasury Department, just over 31,000 out of 1 million homeowners who were offered trial modifications received permanent alterations.
 

DATE:  Wednesday, July 28, 2010
TIME:  11:00 am
LOCATION: Chase Bank located at 5050 Broadway, Oakland, CA 94618

DATA TAKEN FROM: http://industry.bnet.com/financial-services/10006200/how-jpmorgan-chase-worsens-the-foreclosure-crisis/

CCISCO Leaders Urge Treasury to Hold Banks Accountable

CCISCO Leaders at San Jose Treasury Hearing

On June 23, over 500 CCISCO and PACT leaders urged the U.S. Treasury  Department to hold banks accountable for modifying loans to stop the foreclosure crisis that continues to devastate our community and economy. 

The Treasury is responsible for implementing President Obama's Home Affordable Modification Program (HAMP) that promised to help 3-4 million homeowners avoid foreclosure. Fewer than 10% have received permanent loan modifications.

Treasury Policy Director Laurie Maggiano agreed to:

  • Make HAMP more inclusive of homeowners in need of loan modifications. 
  •  
    Get back to PACT in writing within 30 days after taking all the stories, research, and demands for change back to Treasury Secretary Timothy Geithner

Click here to see a video of the event.

Get Involved! Visit www.ourmoneyourvalues.org to join our divestment campaign.

IN THE NEWS:

Mercury News-Federal Program Aimed at Financially Troubled Homeowners is Failing, San Jose Residents Say