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Oblates Work with Parishioners to Save Mortgages April 27th, 2009
John Lasseigne, OMI is a priest at Mary Immaculate Catholic Church in the Southern California community of Pacoima, where one in every nine homes is in some stage of foreclosure. He says the people in this community were targeted by predatory lenders and given loans they never should have qualified for.
Fr. Lasseigne and others at Mary Immaculate, has been working with One-LA, a community organizing effort in Los Angeles, to help parishioners re-finance problematic mortgages.
CNN recently did a story on this effort. Watch the video…
Socially Responsible Investors Call for Transition to a Low-Carbon, Socially Sustainable Economy April 15th, 2009
Umbrella organizations for the sustainable and responsible finance industry, including the Social Investment Forum, of which the Oblates are a member, have issued an important statement on transforming global capital markets.
They contend that “the current economic crisis affords a unique opportunity and imperative to transition to a low-carbon, resource efficient and socially sustainable economy.” The groups thus have called upon world leaders to respond to the economic challenge facing the global economy by incorporating sustainability and social responsibility measures into both the economic stimulus packages for short-term recovery and the longer-term reform of the credit and investment markets.
