Alliance of Californians for Community Empowerment, et al. v. Federal Housing Finance Agency (FHFA) | FOIA request to find out if the Federal Housing Finance Agency is putting the interests of Wall Street above those of hard-hit communities.

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Alliance of Californians for Community Empowerment, et al. v. Federal Housing Finance Agency (FHFA) | FOIA request to find out if the FHFA is putting the interests of Wall Street above those of hard-hit communities.

Alliance of Californians for Community Empowerment, et al. v. Federal Housing Finance Agency (FHFA) | FOIA request to find out if the FHFA is putting the interests of Wall Street above those of hard-hit communities.

ACLU-

The ACLU, the ACLU of Northern California, the ACLU of New Jersey, and the Center for Popular Democracy filed a lawsuit under the Freedom of Information Act (FOIA) to compel the Federal Housing Finance Agency (FHFA) to provide details about the agency’s relationship with the financial industry and its efforts to block municipalities from using eminent domain to prevent foreclosures. The complaint was filed on behalf of a number of community groups across the country.

Banks have foreclosed on millions of homes, and vast numbers of homeowners remain at risk of losing their homes to foreclosure because their mortgages are “underwater,” meaning homeowners owe more than their properties are now worth. Communities with large African-American and Latino populations such as Richmond, Calif., and Irvington, N.J., have been particularly hard hit. Many of these communities were targeted for predatory and discriminatory lending during the subprime boom and have seen little recovery in housing prices since.

[ACLU]

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