Talking Points: “Save Our Homes” Events March 15, 2011 The “Save Our Homes” events are part of a MoveOn.org national day of action and are taking place on the same day as the Senate Committee on Banking, Housing, and Urban affairs meets in Washington, D.C., to discuss the fate of homeowners. Events are taking place at OFA campaign offices across the country, at the biggest banks, and in front of homes facing foreclosure across the country. Participants will ask President Obama to replace Ed DeMarco, the acting director of the Federal Housing Finance Agency, and make Fannie Mae and Freddie Mac change their policy to provide relief to the ten million Americans struggling with mortgage debt. Government-controlled mortgage lenders Fannie Mae and Freddie Mac hold 60% of all mortgages and its far past time they provide some needed relief. Ed DeMarco refuses to allow underwater homeowners to adjust their mortgages to reflect the true value of their home. 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. President Obama must replace DeMarco and make sure Fannie and Freddie provide relief to the millions of Americans struggling with mortgage debt. President Obama should stand with the 99% and replace Ed DeMarco immediately.
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