Follow-up on NACA, Bill Frey from Page One of WSJ

Activist Financier 'Terrorizes' Bankers in Foreclosure Fight

Mr. Marks's nonprofit organization, Neighborhood Assistance Corp. of
America, has emerged as one of the loudest scourges of the banking
industry in the post-bubble economy. It salts its Web site with photos
of executives it accuses of standing in the way of helping homeowners
— emblazoning "Predator" across their photos, picturing their homes
and sometimes including home phone numbers. In February, NACA, as it's
called, protested at the home of a mortgage investor by scattering
furniture on his lawn, to give him a taste of what it feels like to be
evicted.

In
the 1990s, Mr. Marks leaked details of a banker's divorce to the press
and organized a protest at the school of another banker's child. He
says he would use such tactics again. "We have to terrorize these
bankers," Mr. Marks says.

Housing Advocate Bruce Marks of the Neighborhood Assistance Corp. of America at a 'Save the Dream' event he organized in Columbia, S.C., in March to help troubled homeowners get their mortgage payments reduced.

Housing Advocate Bruce Marks of the Neighborhood Assistance Corp. of America at a 'Save the Dream' event he organized in Columbia, S.C., in March to help troubled homeowners get their mortgage payments reduced.

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