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Oakland Don't Borrow Trouble™ Coalition
Don't
Borrow Trouble. Get Free Advice First.
Call 1.510.834.HOME (1.510.834.4663)
Background
On August 10, 2000, the Federal Home Loan Mortgage Corporation,
commonly known as Freddie Mac, announced its campaign to alert
Americans of the dangers of predatory lending through its
"Don't Borrow Trouble™" campaign. The "Don't
Borrow Trouble™" campaign used the model pioneered
in Boston, and is using ads, Internet websites, public service
announcements in English and Spanish, and a toll free number
for referrals.
Oakland is one of the twelve pilot cities in Phase I chosen
by Freddie
Mac for this campaign, which included $25,000 seed
money from Freddie Mac and a one-day on-site training by
the
Boston-based
National Consumer Law Center (NCLC).
Oakland's
Community and Economic Development Agency (CEDA) coordinated
program development with a working group consisting of CEDA's
Housing and Community Development Division, Freddie Mac, Association
of Community Organizations for Reform Now (ACORN), Home Buyer
Assistance Center (HBAC), Consumer Credit Counseling Service
of the East Bay (CCCS), ACORN Housing Corporation (AHC), National
Association of Real Estate Brokers - Investment Division,
Inc. Housing Counseling Agency (NID-HCA), Neighborhood Assistance
Corporation of America (NACA), the Unity Council, consumer
advocates, and others involved with anti-predatory lending
activities.
The
Oakland campaign was launched June 18, 2001.
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Campaign
Materials
Informational
Brochure (English)- Adobe PDF
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Additional
Resources
Government
Federal Trade Commission
U.S. Department of Housing
and Urban Development (HUD)
National
Organizations
AARP
ACORN (Association
of Community Organizations for Reform Now)
Freddie Mac
National Consumer Law
Center (NCLC)
Neighborhood Assistance
Corporation of America (NACA)
Statewide
Organizations
California Reinvestment
Coalition
Greenlining
Institute
Local Organizations
Consumer Credit Counseling
Services of the East Bay
Housing and Economic Rights Advocates (HERA)
Federal Reserve Bank of San Francisco
Spanish
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