Its Time To Foreclose On the Foreclosurers
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- FirstOccupier
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ITS TIME TO FORECLOSE ON FANNIE MAE AND FREDDIE MAC
Its time to foreclose on the foreclosurers!!!
Occupy Fany.Fredy is calling for direct action to end the unnecessary foreclosures. We the people are calling for a joint effort to occupy Fannie Mae and Freddie Mac to force Congress to foreclose on F&F to facilitate, and economic recovery in our country, if they do not agree to a monthly mortgage principle reduction policy and the use of new mortgage terms.
For more information go to:http://goo.gl/tMfAWor www.foreclosurecrisissolved.wordpress.com/
LEARN HOW FREDDIE MAC HAS BEEN BETTING AGAINST YOU MAKING YOUR MORTGAGE PAYMENT.
http://www.npr.org/2012/01/30/145995636/freddie-mac-betting-against-struggling-h.../
There is article, after article written about how Fannie Mae and Freddie Mac, the giant mortgage securitization corporations, are unwilling to reduce principle balances on underwater mortgages they hold, even tho other financial businesses
have been able to reduce foreclosures by using principal reduction to keep families in their homes.
Still have doubts, read the article, posted on my web site "Fannie and Freddie Stand In The Way Of Debt Reduction" is the headline of an article that recently appeared in the New York Times.
Here is a few paragraphs from that article.
LIMITED IMPACT
(Any settlement would not apply to mortgages owned by Fannie Mae or Freddie Mac, which together own or guarantee most of the U.S. mortgage market. The regulator that controls the two government-sponsored enterprises has resisted cutting their loans, arguing it would cost U.S. taxpayers more money than other options would.
But lawmakers and top administration officials have pushed for a broader principal reduction program, and this settlement could lay the groundwork for that if Fannie Mae and Freddie Mac are swayed to test it out themselves as an alternative to the costly process of foreclosing on struggling borrowers.
Earlier on Wednesday, House Democrats sought to force the housing regulator, the Federal Housing Finance Agency, to explain its calculations in deciding not to offer principal reductions.
In addition, the Federal Reserve said in a rare 26-page white paper delivered to Congress this month that lawmakers need to do more to stabilize the housing market. But it stopped short of endorsing any plans to have Fannie and Freddie slash borrowers' loan balances)
Still have doubts, read the article "Fannie and Freddie Stand In The Way Of Debt Reduction" is the headline of an article that recently appeared in the New York Times.
Banks are trying to limit their responsibility for the damage the have done to people lives and our economy, as pointed out in his paragraph from an article Published on Monday, January 23, 2012 by Common Dreams says it all!
Obama's Choice on Housing: A Sweetheart Deal for the 1% or a Fair Deal for the 99%
by Van Jones and George Goehl
Rumor has it that as early as today, after months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis -- paying a tiny fraction of what's needed in exchange for blanket immunity from future lawsuits.(Daniel Goodman / Business Insider
Now is the time to demonstrate, petition, convince, and occupy F&F to change their policy of no principal reduction. This is where the occupy groups should focus all their efforts to end the foreclosure and unemployment crisis.
Millions of American families are being kicked to the curb by the banks, and the financial sector. It is our contention that most foreclosures, and home abandonment's are unnecessary, or preventable.
Fannie Mae and Freddie Mac hold the key to improving the primary home market, and the economy, as explained in The "People's Economic Recovery Plan". www.foreclosurecrisissolved.wordpress.com
We should occupy, march, and hold demonstrations at Fany & Fredy headquarters.
We are not alone in this effort. The Federal Reserve, and members of Congress are putting pressure on the GSEs to reduce principal balances, and lower the interest rate on mortgages. Our efforts to bring attention to this inaction by F&F will reinforce our Representatives in Congress that are working to solve the foreclosure and unemployment crisis.
Occupy Fany.Freddie invites all the Occupy, and other concerned groups to join your fellow citizens to convince F&F, for their own benefit, and for your benefit, to change their mortgage terms and adopt a policy of principal reduction.
If we want to help millions of people stay in their homes, and find employment, F&F must purchase the "Ascending Interest Rate Mortgage" (AIRM), from banks and mortgage originators, and adopt the monthly principal reduction plan for underwater mortgages. If F&F will purchase the new mortgage, the banks and mortgage originators will offer the new mortgage terms to homeowners and home buyers. There-by eliminating the foreclosure inventory, and improving the primary home market and the economy.
F&F owe taxpayers over 150 billion dollars. If F&F do not agree to purchase the "AIRM" from the mortgage originators, the tax payers of the United States of America should kick their executives, and Mr.DeMarko, the head of Federal Housing Finance Agency, to the curb, and foreclose on them by petitioning President Obama, and the US Congress.
We the people should then adopt the "Plan" ourselves to facilitate an sustainable economic recovery, to put people back to work in the private sector, and prevent more foreclosures.
The "Plan"outlines three changes that need to occur to empower the people to create their own economic recovery. Changes to the bankruptcy laws, a change to mortgage terms, and a change to the income tax, as outlined in the "Plan".
View and sign our Petitions to "Stop Unnecessary Foreclosures" at: http://www.change.org/petitions/stop-the-unnecessaryforeclosures-and-uneployment...
To view a video about bankruptcy go to: http://www.youtube.com/watch?v=J7YPR_p7DYQ%2F
If you want to increase job opportunity, and reduce foreclosures without increasing the deficit, please become a friend of Occupy Fany.Fredy and "Like" us at: http://www.facebook.com/pages/Occupy-FanyFredy/177079029043062?sk=wall
Not ready to get involved yet? What if it was your home, or your family's home that was being foreclosed? The way the economy is going, you could lose your job tomorrow, and your home could be in foreclosure in a few months. Help others now, to improve the economy, so it doesn't happen to you.
This is important!!Please forward this information to your friends, contacts, the news media, other occupy groups, and concerned organizations. Thank You!
Its time to foreclose on the foreclosurers!!!
Occupy Fany.Fredy is calling for direct action to end the unnecessary foreclosures. We the people are calling for a joint effort to occupy Fannie Mae and Freddie Mac to force Congress to foreclose on F&F to facilitate, and economic recovery in our country, if they do not agree to a monthly mortgage principle reduction policy and the use of new mortgage terms.
For more information go to:http://goo.gl/tMfAWor www.foreclosurecrisissolved.wordpress.com/
LEARN HOW FREDDIE MAC HAS BEEN BETTING AGAINST YOU MAKING YOUR MORTGAGE PAYMENT.
http://www.npr.org/2012/01/30/145995636/freddie-mac-betting-against-struggling-h.../
There is article, after article written about how Fannie Mae and Freddie Mac, the giant mortgage securitization corporations, are unwilling to reduce principle balances on underwater mortgages they hold, even tho other financial businesses
have been able to reduce foreclosures by using principal reduction to keep families in their homes.
Still have doubts, read the article, posted on my web site "Fannie and Freddie Stand In The Way Of Debt Reduction" is the headline of an article that recently appeared in the New York Times.
Here is a few paragraphs from that article.
LIMITED IMPACT
(Any settlement would not apply to mortgages owned by Fannie Mae or Freddie Mac, which together own or guarantee most of the U.S. mortgage market. The regulator that controls the two government-sponsored enterprises has resisted cutting their loans, arguing it would cost U.S. taxpayers more money than other options would.
But lawmakers and top administration officials have pushed for a broader principal reduction program, and this settlement could lay the groundwork for that if Fannie Mae and Freddie Mac are swayed to test it out themselves as an alternative to the costly process of foreclosing on struggling borrowers.
Earlier on Wednesday, House Democrats sought to force the housing regulator, the Federal Housing Finance Agency, to explain its calculations in deciding not to offer principal reductions.
In addition, the Federal Reserve said in a rare 26-page white paper delivered to Congress this month that lawmakers need to do more to stabilize the housing market. But it stopped short of endorsing any plans to have Fannie and Freddie slash borrowers' loan balances)
Still have doubts, read the article "Fannie and Freddie Stand In The Way Of Debt Reduction" is the headline of an article that recently appeared in the New York Times.
Banks are trying to limit their responsibility for the damage the have done to people lives and our economy, as pointed out in his paragraph from an article Published on Monday, January 23, 2012 by Common Dreams says it all!
Obama's Choice on Housing: A Sweetheart Deal for the 1% or a Fair Deal for the 99%
by Van Jones and George Goehl
Rumor has it that as early as today, after months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis -- paying a tiny fraction of what's needed in exchange for blanket immunity from future lawsuits.(Daniel Goodman / Business Insider
Now is the time to demonstrate, petition, convince, and occupy F&F to change their policy of no principal reduction. This is where the occupy groups should focus all their efforts to end the foreclosure and unemployment crisis.
Millions of American families are being kicked to the curb by the banks, and the financial sector. It is our contention that most foreclosures, and home abandonment's are unnecessary, or preventable.
Fannie Mae and Freddie Mac hold the key to improving the primary home market, and the economy, as explained in The "People's Economic Recovery Plan". www.foreclosurecrisissolved.wordpress.com
We should occupy, march, and hold demonstrations at Fany & Fredy headquarters.
We are not alone in this effort. The Federal Reserve, and members of Congress are putting pressure on the GSEs to reduce principal balances, and lower the interest rate on mortgages. Our efforts to bring attention to this inaction by F&F will reinforce our Representatives in Congress that are working to solve the foreclosure and unemployment crisis.
Occupy Fany.Freddie invites all the Occupy, and other concerned groups to join your fellow citizens to convince F&F, for their own benefit, and for your benefit, to change their mortgage terms and adopt a policy of principal reduction.
If we want to help millions of people stay in their homes, and find employment, F&F must purchase the "Ascending Interest Rate Mortgage" (AIRM), from banks and mortgage originators, and adopt the monthly principal reduction plan for underwater mortgages. If F&F will purchase the new mortgage, the banks and mortgage originators will offer the new mortgage terms to homeowners and home buyers. There-by eliminating the foreclosure inventory, and improving the primary home market and the economy.
F&F owe taxpayers over 150 billion dollars. If F&F do not agree to purchase the "AIRM" from the mortgage originators, the tax payers of the United States of America should kick their executives, and Mr.DeMarko, the head of Federal Housing Finance Agency, to the curb, and foreclose on them by petitioning President Obama, and the US Congress.
We the people should then adopt the "Plan" ourselves to facilitate an sustainable economic recovery, to put people back to work in the private sector, and prevent more foreclosures.
The "Plan"outlines three changes that need to occur to empower the people to create their own economic recovery. Changes to the bankruptcy laws, a change to mortgage terms, and a change to the income tax, as outlined in the "Plan".
View and sign our Petitions to "Stop Unnecessary Foreclosures" at: http://www.change.org/petitions/stop-the-unnecessaryforeclosures-and-uneployment...
To view a video about bankruptcy go to: http://www.youtube.com/watch?v=J7YPR_p7DYQ%2F
If you want to increase job opportunity, and reduce foreclosures without increasing the deficit, please become a friend of Occupy Fany.Fredy and "Like" us at: http://www.facebook.com/pages/Occupy-FanyFredy/177079029043062?sk=wall
Not ready to get involved yet? What if it was your home, or your family's home that was being foreclosed? The way the economy is going, you could lose your job tomorrow, and your home could be in foreclosure in a few months. Help others now, to improve the economy, so it doesn't happen to you.
This is important!!Please forward this information to your friends, contacts, the news media, other occupy groups, and concerned organizations. Thank You!
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