PICO is working with congregations across the United States to press the Treasury Department, Federal Reserve, Congress and Lenders to stop preventable foreclosures and get sound, affordable credit flowing again into our communities.

Faith Groups Launch Campaign to Hold Bank of America Accountable

On Tuesday, January 12, a delegation of clergy and community leaders from PICO and National People's Action, together with labor leaders from SEIU, met with executives from Bank of America in Antioch, California to demand that they act more swiftly and aggressively to keep families in their homes, end predatory lending, and invest in our communities.  An "assembly of witnesses" from organizations representing millions of people around the country witnessed the negotiation session, while hundreds of community residents from across the San Francisco Bay Area gathered next door to pray, give testimony and hear a report back from the negotiating team.  Read more here or watch videos below.

Media Coverage from the January 12 Negotiation Session

"Putting their Faith into the Foreclosure Fight," Boston Globe

"A Deal with Bank of America is in their Prayers," New York Times

"Faith Leaders to Move their Money out of Bank of America unless their Demands are Met," Huffington Post

"Bank of America's Moynihan gets a visit," Boston Business Journal

2009 National Campaign Events

Faith Leaders Call for Reform that Keeps Families in their Homes; Decry multi-billion dollar bank bonuses as millions of families face foreclosure
PICO National Network, December 14, 2009

Mass. faith leaders win commitments from Chairman Barney Frank, Federal Reserve Board to advance national campaign to keep families in their homes
Brockton Interfaith Community, Massachusetts Communities Action Network, November 2, 2009

Read a Boston Herald article about how this event has created momentum for helping unemployed homeowners

Contra Costa faith leaders take major step forward in "Bank Accountability" campaign
Contra Costa Interfaith Supporting Community Organization, October 24, 2009

Congregations work to prevent foreclosure scams in Bakersfield
Faith in Action Kern County, October 17, 2009 

Federal Reserve officials hear New York outrage on slow pace of financial reforms
Brooklyn Congregations United, Queens Congregations United for Action, October 15, 2009 

PICO affiliates step up pressure on Banks, Treasury to stop more foreclosures
PICO, Brockton Interfaith Community, Contra Costa Interfaith Supporting Community Organization, October 13, 2009

Grassroots leaders in KS & MO hold hearing with Federal Reserve Advisors on economic crisis
Communities Creating Opportunity, August 2, 2009 

Bakersfield teams up with Fed Reserve to host mortgage borrower outreach event
Faith in Action Kern County, June 15, 2009 

PICO and National People's Action kickoff series of Fed Reserve hearings in Richmond, CA
Contra Costa Interfaith Supporting Community Organization, June 11, 2009 - Read a story from Bloomberg News on the hearing - June 19, 2009

GET ON THE BUS: PICO's "Recovery Express"
Cross-Country Bus Caravan to help stop 3-4 million unnecessary foreclosures
March 6 - 9, 2009

San Jose faith groups call for action to address blight & crime stemming from foreclosure crisis
People Acting in Community Together, February 26, 2009

Foreclosure meets faith at forum in North San Diego County
Faith Works, February 26, 2009

Residents organize to stop illegal dumping at foreclosed properties in Kansas City
Communities Creating Opportunity, February 25, 2009

A new day for families struggling to save their homes & communities
PICO National Network, February 18, 2009

Faith leaders fight foreclosure & blight in southern California
Faith in Action Kern County, February 17, 2009

PICO & Center for Responsible Lending release paper on preventing 3 million foreclosures
PICO National Network, February 5, 2009

Click here to read a summary of the campaign in 2008

PICO Reports on Solutions to the Foreclosure Crisis:

Common Sense Solutions for Saving Homes & Communities, PICO National Network & The Center for Responsible Lending

TOO BIG TO FAIL: How Broad-Based Loan Modification Can Save Millions of Families From Foreclosure and Put a Floor on Falling Property values, Contra Costa County, CA

A Response that Makes Economic Sense: Systematic Home Loan Modification, Kansas City, MO

Saving the American Dream: Avoiding a "Subrpime Society," Stockton, CA

Read an executive summary of the Obama Administration's foreclosure prevention plan announced on Feb 18, 2009 >>

National TV Coverage

PICO Pastor Lucy Kolin talks about PICO's Keep Families in their Homes Campaign on CNN
March 15, 2009

*SEE OTHER MEDIA COVERAGE FROM PICO'S "RECOVERY EXPRESS" >>

Watch PBS special on PICO's National Foreclosure Campaign
December 26, 2008

Watch CNN coverage of PICO in front of the Treasury building
November 20, 2008

Watch CNN coverage of PICO's Foreclosure Campaign Kickoff
October 28, 2008

National Print Media Coverage

February 19, 2009, The Economist
Can't or won't pay? The Obama Team wades into a debate about what is driving foreclosures

January 28, 2009, San Francisco Chronicle
Record foreclosures in Bay Area, state in 2008

December 3, 2008, USA Today
Holiday evictions show gaps in mortgage loan aid

December 3, 2008, San Jose Mercury News
Home foreclosure crisis demands action at all levels

November 29, 2008, Washington Post
Coming Together in a Crisis

November 23, 2008, Kansas City Star
Let's have some support for property values

November 19, 2008, USA Today
Clergy rally in D.C. for homeowner protections

November 18, 2008, The Associated Press
More negative signs for US housing market

November 18, 2008, ABC News
Praying for Relief for Homeowners

November 12, 2008, San Francisco Chronicle
U.S., lenders ease delinquent loan workouts

November 1, 2008, Wall Street Journal
FDIC Plan Tests Limits of Leniency

October 28, 2008, CNN Anderson Cooper 360 Blog
Faith-based groups fight foreclosures

October 28, 2008, San Francisco Chronicle
Faith-based effort to avert foreclosures

October 27, 2008, Bloomberg News
California Faith Groups Fight Banks on Foreclosures