Del Castillo is not alone in finding a big bank more reasonable in the new year. The LA Times reports a 60 percent decline in the number of housing default notices issued in January compared with December. California lenders are now bound by a tough new Homeowners Bill of Rights passed last year thanks to the efforts of community housing organizers.
The California Labor Federation describes some provisions:
The new law doesn't solve all the inequities that happen when big banks have aspiring home buyers over a barrel, but it is a significant first step, won by aroused homeowners and their communities.