Today, while perusing the www.NACA.com website I came across a couple of areas I thought were interesting enough to pass along.

First of all, NACA is the Neighborhood Assistance Corporation of America.  NACA is a HUD certified counseling agency and provide non-profit advocacy. For those who have not heard of NACA before, here is a brief description of what they do from their overview page: 

The Neighborhood Assistance Corporation of America ("NACA") is a non-profit, community advocacy and homeownership organization. NACA's primary goal is to build strong, healthy neighborhoods in urban and rural areas nationwide through affordable homeownership. NACA has made the dream of homeownership a reality for thousands of working people by counseling them honestly and effectively, enabling even those with poor credit to purchase a home or refinance a predatory loan with far better terms than those provided even in the prime market.

They also have some interesting things on their website.

1. Their main page has a list of lending executives who have refused to cooperate with them in structuring agreements to help homeowners.  If you're curious how the CEO of JP Morgan Chase lives, how much he makes and his contact info - check www.NACA.com
2. They encourage speaking out to your local politicians and they have a page on their site for you to look up your local lawmaker contacts:  POLITICIAN SEARCH
3. They fight against predatory lenders and ask you to provide your story so that they may track trends and identify companies who have been preying on consumers: PREDATOR WATCH
4. See their CALL TO ACTION.  They want banks to stop foreclosures and help homeowners by modifying their predatory and subprime loans.  JOIN THEIR CALL TO ACTION

I've had some clients have good luck with NACA and it might be solution for your clients, or for you as a borrower if you're experiencing difficulties keeping up on a sub-prime loan. 

NACA's call to action:

". . . NACA calls upon these companies to follow NACA's lead - the lead of a non-profit company that is dwarfed by their size and reserves. Do the right thing. Here, the right thing is to modify these loans - before families lose their homes - to rates that borrowers can afford. The right thing for these lenders to do is to modify these loans so that borrowers pay the rate at which they were qualified because this will allow them to stay in their homes. The right thing is for these lenders to throw away their predatory re-set rates, that force borrowers to pay abusive interest rates and force them to take multiple jobs to keep a home. Stop this greed and profit, and keep people in their homes. Modify every loan back to the rate at which these borrowers were or should have been qualified, and everyone wins. People can keep their homes and avoid financial ruin, and lenders can still receive payments on mortgages that borrowers can actually afford."