Archive for 'Los Angeles Times'

Recession Tough on Consumers and Charities

The bad economy has affected so many people, it is essential that as a local business we contribute to our community. Especially at thanksgiving it should be a time of happiness and sharing.

Thanksgiving should be a time for celebration and family togetherness. Sadly in 2010 many families are turning to local charities in the hope of receiving the traditional festivities, but local charities are struggling due to high demand.

Charities and community organizations throughout America have admitted that donations this year are generally down. Throughout Orange County charities such as Families Forward and the Christ Chapel of Long Beach are struggling to obtain enough supplies to feed the growing number of families still reeling from the recent recession.

After reading an article in the LA Times, Morgan Drexen CEO Walter Ledda decided to lend a helping hand to his local community. Ledda Says, “The bad economy has affected so many people, it is essential that as a local business we contribute to our community. Especially at thanksgiving it should be a time of happiness and sharing.” Morgan Drexen’s community team headed out to local charities with frozen turkeys.

The Christ Chapel of Long Beach was a grateful recipient they admitted they were short by 10 turkeys to feed the need of the community.

Margo Martinez a long time volunteer at the Christ Chapel of Long Beach said, “We started the thanksgiving dinner tradition 25 years ago, we rely entirely on donations. I had to go out begging this year, thanks to people like Morgan Drexen who came to our rescue. We now expect to serve between 150 and 200 people this thanksgiving.”

The highest unemployment rates in decades are continuing to plague families throughout Orange County. Families Forward are an Irvine based company, they are a non- profit company that was founded in 1984. Families Forward assists families in financial crisis to achieve and maintain self-sufficiency. They also welcomed the turkeys with open arms.

Maggie Wakeham from Families Forward admits that donations are drastically down. “The need is enormous right now, and every donation is welcomed. No donation is too small. This economy has lead to more and more people needing our help.”

For Joe Schoeningh of the Second Harvest Food Bank in Irvine it’s a very similar story. Joe says, “We take care of 220,000 individuals a month, demand is up and donations are down. It’s hard to make ends meet. We will make it work, we have been doing this a long time.”

Morgan Drexen are very proud to be affiliated with these local charities. All three charities received frozen turkeys on behalf of Morgan Drexen.

Foreclosure Victims Get A Helping Hand

Foreclosure Victims Get A Helping Hand

Foreclosure Victims Get A Helping Hand-Image by respres via Flickr

The National Mortgage Complaint Center is looking for a specific group of former homeowners, who were never late on their mortgage payment, who had decided since they were upside down on their mortgage payment they would contact their bank/loan servicer for a loan modification, who were then told by their bank, or loan servicer to stop making mortgage payments, and rather than receiving a loan modification, lost their home to a foreclosure. The group says, “These are the exact people we want to talk to. One of the gigantic problems in the US foreclosure disaster is banks, or loan servicers do not assign a homeowner attempting to take advantage of a loan modification to the same customer service agent. Instead the borrower never talks to the same person twice-no names-e-mail addresses-nothing.” The National Mortgage Complaint Center says, “The group of people we want to hear from are borrowers, who were always on time, who were told to stop making their mortgage payments by the banks, or loan servicer, who wanted a loan modification, but instead got a foreclosure notice.” For more information please contact the National Mortgage Complaint Center at 866-714-6466, or contact the group via its web site at http://NationalMortgageComplaintCenter.Com

The National Mortgage Complaint Center says, “we cannot help people who were already behind in their mortgage payments, before their bank contacted them, or before they were foreclosed on. We think it is very important to find people, who received no notice from the bank, that a foreclosure was imminent, meaning the bank sought foreclosure on their home without first notifying them of bringing the case.” They say, “we know there are tens, and tens of thousands of homeowners, who were not behind on their payments, they simply wanted a loan modification, their bank told them to stop making payments, and instead of getting a loan modification-they got a foreclosure notice-typically without prior notice.You are the people we want to hear from.” For more information please contact the National Mortgage Complaint Center at 866-714-6466, or contact the group via its web site at http://NationalMortgageComplaintCenter.Com

There is no cost to consumers for this investigation, on the part of the National Mortgage Complaint Center.

The National Mortgage Complaint Center is one of the most quoted source in the United States on predatory mortgage lending. The group has been featured, or quoted in the Wall Street Journal, Money Magazine, Newsweek Magazine, Good Housekeeping Magazine, Parade Magazine, The New York Times, The Los Angeles Times, and numerous other news, or media outlets. In the June 2005 edition of Money Magazine, the group warned about a national economic train wreck if banks, and major US homebuilders did not put a stop to appraisal fraud. http://NationalMortgageComplaintCenter.Com.