Ok, pretty sure "Notbuyingit" is actually a guy who works PR at Fannie Mae. I might even know his name.
I guess you didn't read my response? I couldn't be more clear. What Fannie is responsible for goes way beyond Mark Harris. Fannie and Freddie allowed the big banks to use them to play casino with our neighborhoods and we all lost. The housing crash had global economic consequences that saw everyone lose money...but Fannie survived, and not one banker has been indited. It's folks like Mark Harris that pay the ultimate price for these crimes.
Seriously though, Mark was willing to pay a fair price based on the actual value of the home, Fannie acted like they were serious about finding a solution that would keep him in the home, instead they had him evicted at gunpoint and are now pay 15k a month to have his home occupied by an enforcement team.
Is it Fannie Mae's fault that Mark and tons of other people got laid off? They certainly play a huge role in the financial meltdown, HUGE role.
Right now Fannie only exists because they got a huge bail out and have been propped up the the federal government ever since. To bad they can't work with folks that are struggling to stay afloat themselves.
Mark wasn't asking for a handout, he was asking for a modification based on the actual value of the home. If Fannie would have worked a fair deal, Mark would be in his home and Fannie would be making money off the him. Instead they are pay enforcers to stand on the property 24/7, which costs a small fortune and Mark Harris has joined the millions of homeless combat veterans in this country. It's a shame that sits well with anyone who reads this.
Well, just look at their website: fanniernae.com
Fannie Mae is the freeloader here. They went bankrupt after gambling with people's homes, then the government had to step in, bail them out, and put them under federal conservancy. Now they claim that principle reduction for Mark Harris and millions of other underwater homeowners is a "moral hazard". Fannie Mae and FHFA are literally holding the keys to economic recovery and refusing to turn the key, they are holding the economy hostage.
I'm always disturbed by folks on the CL comment board who insist on blaming victims while giving miles of leeway to the financial institutions that have been treating our communities like ATM's for years. I for one am grateful for people like Mark Harris who have the courage to stand up, at great risk, these dirty financial institutions.
Well, claiming that no one lives in the homes that are being auctioned of at the court house steps is just not true. Having spent weeks knocking on doors of every home owner facing a foreclosure auction I can honestly say that more than half of the homes scheduled for auction have families in them, many believe that they are in the modification process.
I notice a lot of folks claiming that Occupy Our Homes Atlanta isn't really helping folks. Fact is we've forced the banks to reduce principle or find other creative solutions instead of foreclosing and evicting over 15 families and two churches in Atlanta. We are currently negotiating on behalf of even more families.
Check out the website: occupyourhomesatl.org
Mad props to The ContraVerse! Hope to hear more from these boys real soon!
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