The campaign to “Save Detroit—Save Our Homes” (flyer attached) will soon have a chance to put our case directly before Mel Watt, the new director of Fannie Mae and Freddie Mac– the federally operated mortgage giants that own two-thirds of all mortgages in the United States.
Watt was nominated by President Obama and confirmed over Republican opposition last December. Under his predecessor, Fannie and Freddie foreclosed on thousands of Detroit families who should have gotten assistance to keep them in their homes. Fannie and Freddie have declared moratoriums on foreclosures and evictions in areas devastated by Hurricanes Katrina and Sandy, and we need the same emergency assistance here, where a “Hurricane Without Water” has devastated Detroit’s tax base and forced the city into bankruptcy.
Our call for a moratorium on foreclosures and principal reduction to keep people in their homes has been endorsed by 70 organizations from across the city, including community groups, unions, faith-based organizations, and 30 neighborhood associations (list of endorsers attached). The Leadership Conference on Civil and Human Rights is arranging for a meeting with Watt, and our coalition will be represented at the upcoming gathering in Washington.
In the meantime, we’ll be taking our case to Detroit’s Congressional representatives this coming Wednesday, March 12, 11am – noon, as part of a national effort coordinated by the Home Defenders League and Occupy Our Homes. If you want to join our delegation or add your organization’s name to our list of endorsers, contact us via UAW Local 600 at 313-429-5009, or email email@example.com. For background info, go to http://detroitevictiondefense.org/