1 , 2008
FOR MORE INFORMATION CONTACT
LUCILLE ADIN, President
NAACP Reno-Sparks Branch No. 1112 (775)
Communications Director, NAACP (410) 580-5787
Yusef K. Robb (323) 384-1789
NAACP TO JOIN NAACP NATIONAL DAY OF ACTION
AGAINST MORTGAGE DISCRIMINATION ON JULY 2
NAACP Lawsuit Targets National City Corporation, Citi,
Wamu, GMAC and Other Lenders
Reno The Reno/Sparks Branch of the NAACP will
mark the NAACP's National Day of Action against mortgage
discrimination with a press conference at the National
City Corporation, 745 W. Moana Lane, Reno at 10:00 a.m
The Day of Action will be marked by events across the
country, including New York, Seattle, Baltimore, San
Antonio, Wilmington, Del. and others.
other leaders and community members will hold events
at lending institutions and in affected neighborhoods.
The NAACP has also filed a class-action lawsuit against
17 of the nation's largest lenders for discrimination.
The goal of the lawsuit and the Day of Action is to
push these lenders to make amends for discrimination
that they have perpetrated and to stamp out this sort
of discrimination for good.
The victims in this case had the same credit, income
and qualifications as these institutions' other lenders.
The only difference was that they were African American.
Because of their race, their loans had higher interest
rates and other worse terms.
The defendants in the lawsuit are: Chase Bank USA NA,
Washington Mutual, Inc., Citimortgage, Inc., HSBC Finance
Corporation, GMAC Mortgage Group, LLC, GMAC Residential
Capital, J.P. Morgan Chase & Co., Fremont Investment
& Loan, Option One Mortgage Corporation, WMC Mortgage
Corporation, Accredited Home Lenders, Inc., Bear Stearns
Residential Mortgage Corporation dba Encore Credit,
First Franklin Financial Corporation, National City
Corporation, First Tennessee Bank dba First Horizon
National Corp., Long Beach Mortgage Company, and Suntrust
Interviews with attorneys working on the case and NAACP
national leaders are available.
WHAT: Reno/Sparks NAACP Branch news conference to mark
NAACP National Day of Action Against Mortgage Discrimination
WHEN: Wednesday, July 2, 2008 at 10:00 AM
WHERE: 745 W. Moana Lane, Reno, Nevada
WHO: Lucille Adin, President
Founded in 1909, the NAACP is the nation's oldest and
largest civil rights organization. Its members throughout
the United States and the world are the premier advocates
for civil rights in their communities, conducting voter
mobilization and monitoring equal opportunity in the
public and private sectors.