The Federal Housing Finance Agency should work for us, not big banks
  • Petitioned Edward DeMarco

This petition was delivered to:

Federal Housing Finance Agency
Edward DeMarco
U.S. Senate
Oregon
Sen. Jeff Merkley

The Federal Housing Finance Agency should work for us, not big banks

    1. Project REconomy
    2. Petition by

      Project REconomy

      Central Point, OR

Right now Fannie Mae, Freddy Mac and big bank mortgage servicers enforce a rule made up by the mortgage industry called the “arm’s length agreement.” This rule allows investors to buy homes from each other for well under market value, but a homeowner’s family can’t come in and buy it at market value to keep the homeowner in it. This rule is crushing home values in our community and displacing families in unnecessary foreclosures. It is punitive and discriminatory toward American families while privileging big banks and investors. We are asking that it be eliminated so we can keep families in their homes, stabilize our communities, and rebuild our economy.

Project REconomy has been serving Oregon homeowners since 2009 with education, grassroots action, affordable mortgage research and attorney referral to keep families in their homes and create a healthy local economy.

Recent signatures

    News

    1. Reached 100 signatures

    Supporters

    Reasons for signing

    • Ofelia Bullock PORTLAND, OR
      • almost 2 years ago

      Because we are trying to not lose our home right now!

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    • Roy Wall MEDFORD, OR
      • almost 2 years ago

      Let there be no mistake, none of this is by accident. It has been all orchestrated by design and big money. We Americans must not be Polly Ana's and wake up and fight these injustices in large numbers.

      REPORT THIS COMMENT:
    • Peter Bergel SALEM, OR
      • almost 2 years ago

      We don't need to allow the 1% to further line their pockets while the rest of us are put at risk of being starved, put out of our homes or being unable to support our families.

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    • Mary Deeters ASHVILLE, PA
      • almost 2 years ago

      Because these banks are getting paid repeatedly for the same mortgages and People need to wake up and realize these foreclosures have been paid for many times over in most cases These Banks are stealing Peoples home mostly have no standing in courts to do this legally at all and most do not even have Juristiction but people have to know how to fight them and or fight and get thier Homes back this is malicious intention for the freedy evil criminals ! Legally the Goverment should step in and stop every darn one of these foreclosures .but paid off politicians to keep thier mouths shut is just one more part of the game that is insane immoral injustice to America ! For Global push of the stupid criminal mentally ill control freaks Bailout , IRS credits even when reporting false information, You and the invetors of the mortgage and investors of the note once paid off they are selling it to the next and same game all over again repeatedly some been paid off many times over and the Banks walk away scott free for this malicious unclean frauds !.

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    • Lesley Laing EAGLE POINT, AUSTRALIA
      • almost 2 years ago

      Because it is not fair for investors to be able to depress housing market prices using the tools of foreclosures.

      REPORT THIS COMMENT:

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