Save Our Homes Rally, Starting at Bank of America

Ten million homeowners are still at risk of foreclosure because of underwater mortgages. The president can be a hero TODAY and help save our homes by putting someone in charge of the country’s biggest mortgage holders who will reset mortgages to fair home values.

We want to let everyone in the community know that Wall Street banks like Chase, Wells Fargo, Citibank, and Bank of America need to help homeowners reset mortgages to fair home values. We’re not letting President Obama, Freddie Mac, and Fannie Mae off the hook. And we’re standing strong to say the same thing to Wall Street banks.

Homeowners are struggling to make ends meet. Helping them means saving their homes, stabilizing the market, and helping to get the economy back on track for everyone.

On March 15 in Washington, D.C., the Senate Committee on Banking, Housing, and Urban affairs meets to discuss the fate of homeowners. Government-controlled mortgage lenders Fannie Mae and Freddie Mac hold 60% of all mortgages and its far past time they provide some needed relief.  But Bush appointee Ed DeMarco refuses to allow underwater homeowners to adjust their mortgages to reflect the true value of their home.

President Obama must replace DeMarco and make sure Fannie and Freddie provide relief to the millions of Americans struggling with mortgage debt. We’re counting on President Obama to fight for the 99% and replace Ed DeMarco now!