Distressed homeowners seek mortgage salvation

New America Media

DALY CITY, CALIF. -- Some 5,000 homeowners descended Oct. 16 on the behemoth Cow Palace in Daly City, Calif., known for its rodeos and expos. But instead of entertainment, they came hoping for salvation from the Neighborhood Assistance Corporation of America, a Massachusetts-based nonprofit organization certified by the U.S. Department of Housing and Urban Development (HUD).