Power Breakfast: Stopping foreclosures, flood victims, AT&T, health bill
With record foreclosures in metro Atlanta, both banks and non-profits are trying to respond. On Wednesday, there were at least two newsworthy announcements.
Mortgage lender Wells Fargo, which now includes Wachovia, has put a moratorium on foreclosures in metro Atlanta through Oct. 28, AJC reporter Michelle Shaw writes.
“We’ve been working hard on the foreclosure issue in Atlanta for months, while listening to numerous community and civic leaders,” bank spokesman Jay Lawrence said. “We’re happy we’re seeing progress, in Atlanta and elsewhere, but we know the job is not done.”
Meanwhile, foreclosure prevention got a boost when a $3.5 million government grant was announced for the Consumer Credit Counseling Service of Greater Atlanta. CCCS provides counseling to homeowners to try to stem foreclosure.
Also in the AJC:
- Shelter for flood victims closing in Marietta
- AT&T allows Internet calls on iPhone
- Atlanta to Miami flights No. 3 in traffic
- College Football Hall of Fame deal includes $1 million break-up fee
- AutoTrader to lease new headquarters
In other media:
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One comment Add your comment
clyde
October 8th, 2009
7:24 am
Most likely Wells Fargo put a moritorium on foreclosures until October 28th in order to catch up on it’s paper work.With record foreclosures and many more to come,no wonder the bankers are happy.