Film: Mo' Money by California Reinvestment Coalition

The California Reinvestment Coalition released a short documentary about the foreclosure crisis that continues to destroy the dreams of California families and threaten the stability of small businesses, city governments and neighborhoods.

The documentary, entitled Mo' Money, Mo' Money, Mo' Money: How Greedy Corporations Destroy the American Dream shows the crisis affects everyone. Mo' Money tells the story of borrowers who were lied to and ignored by their mortgage loan servicers, and the people who are working to keep them in their homes. It also reveals how this disaster could have been avoided if regulators and government officials did not ignore predatory lending practices.

A conspiracy of greed in the mortgage industry and benign neglect by the Federal Reserve has taken the homes of thousands of Californians and leaves hundreds of thousands more at risk. CRC's documentary shows the need for stronger legislation to protect consumers, and stricter regulation of the mortgage lending industry.

Please forward this to your friends and colleagues so that they can see the truth about the "housing crisis."

For more information and press inquiries contact Victoria Leon Guerrero at (415) 864-3980, victoria (at) calreinvest (dot) org OR Alan Fisher at (415) 710-1741, afisher (at) calreinvest (dot) org.