On July 25, 2017 the New York Times reported that an Inspector General’s report shows that the Dept. of Housing & Urban Development (HUD) sold thousands of distressed mortgages to private equity firms and hedge funds without following proper rules for setting up the program. The report buttresses arguments put forth by Mobilization for Justice (MFJ) in a class action lawsuit against HUD and two mortgage firms whose purchase of distressed mortgages led to quick foreclosures and unsustainable loan modifications that will lead to foreclosure. MFJ alleges that HUD’s actions have had a discriminatory impact on African-American neighborhoods in NYC.
MOBILIZATION FOR JUSTICE
Mobilization for Justice’s (MFJ) mission is to achieve justice for all. We prioritize the needs of people who are low-income, disenfranchised, or have disabilities as they struggle to overcome the effects of social injustice and systemic racism. We provide the highest-quality free, direct civil legal assistance, conduct community education and build partnerships, engage in policy advocacy, and bring impact litigation. MFJ also promotes diversity, equity, and inclusion in our workplace, and understands the need to eliminate all racial disparities to achieve justice for all.
© Mobilization for Justice, Inc.
Masthead photo by Cindy Knoke.
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