On Tuesday, about two dozen protestors went to Orange County Court house to protest agenst lack of help from the governor appointed task force whom they believe is not doing enough to stop predatory lending practices.
It is believed that subprime borrowers might become homeless soon and the protesters wanted to have their voices heard by others who would listen.
The Governor's Home Ownership Promoted the Economy Task Force last week presented its recommendations to the Legislature. Some of their concerns included but were not limited to the shifting of money from the state's down-payment assistance program for now with the intention of helping homeowners in foreclosure keep their homes. While another recommendation calls for lenders to disclose when borrowers qualify for something other than a subprime loan and to specify any financial benefits the lender gets for selling subprime loans.