Demonstrators with Occupy Our Homes Atlanta and from across the southeast marched to the southeast regional office of Fannie Mae and demanded the nation's largest mortgage holder to help homeowners having difficulties making their monthly payments.
The Federal National Mortgage Association, commonly known as Fannie Mae, and The Federal Home Loan Mortgage Corporation, Freddie Mac, the second-largest mortgage buyer, received nearly $200 billion in federal bailout money during the depths of the global economic crisis.
Protestors want the lending giants to loosen their purse strings and reduce the principal payments on mortgages for homeowners whose houses are underwater, allow people to rent their homes after foreclosure or sell foreclosed properties back to the occupants or non-profit developers.
Robert Anderson, a protestor whose home is underwater, meaning he owes more on his mortgage than what this home is worth, said he has tried to modify with Freddie Mac but with no luck.
"I want the investors to step down and talk to us," Anderson. "I've been going through anxiety."
Security officers stood between protestors and the Fannie Mae offices as demonstrators demanded officials come outside and take a letter requesting a meeting.
"They have the power to turn the key to economic recovery," said Tim Franzen, one of the protest organizers, who added that it is time for Fannie and Freddie to start giving back. "We're here to encourage them to turn the key, to stop holding our neighborhoods hostage."
CBS Atlanta asked Fannie Mae if they would meet with the protestors. Andrew Wilson, a spokesman did not say if that would happen, but he did say "we absolutely want to work with homeowners who are having difficulty making payments, who want to work with us to prevent foreclosure."
Wilson encouraged homeowners with Fannie Mae mortgages who are having difficulties to contact Fannie Mae for help.
If you have a mortgage with Fannie Mae and need help, call Fannie Mae at (866) 442-8573 or go to knowyouroptions.com.
Wednesday, May 22 2013 6:39 PM EDT2013-05-22 22:39:41 GMT
A Decatur woman who was out with friends in Nashville, Tennessee during a bachelorette party is recovering at the Shepherd Spinal Center in Atlanta, after being hit by a suspected drunk driver the nightMore >
A Decatur woman who was out with friends in Nashville, Tennessee during a bachelorette party is recovering at the Shepherd Spinal Center in Atlanta, after being hit by a suspected drunk driver the night of the party.More >
Friday, May 17 2013 7:16 PM EDT2013-05-17 23:16:53 GMT
One person has died in a crash near Harrisonville, MO, Thursday evening. The crash happened on Missouri Highway 7 and Walker Road. It involved a car and a tractor-trailer. Harrisonville is in Cass County.More >
Savannah Nash celebrated her 16th birthday last week. She died Thursday when her car slammed into a semi while she was texting during her first time driving by herself.More >
Thursday, May 23 2013 11:27 PM EDT2013-05-24 03:27:31 GMT
It only took a Fulton County jury one hour to reach a guilty verdict against Michael Parson, 40. Prosecutors said Michael Parson shot his wife Adina eight times outside their Sandy Springs home in AprilMore >
It only took a Fulton County jury one hour to reach a guilty verdict against Michael Parson, 40. More >
Thursday, May 23 2013 10:26 PM EDT2013-05-24 02:26:07 GMT
Palmetto police department is investigating an attempted abduction that occurred Wednesday afternoon. A 13 year old male got off of the school bus along Carlton Road and stated to police that a man approachedMore >
Palmetto Police Department is investigating an attempted abduction that occurred Wednesday afternoon. A 13-year-old male got off of the school bus along Carlton Road and stated to police that a man approached him and pulled him into a green Ford pickup truck.More >
Wednesday, May 22 2013 6:04 PM EDT2013-05-22 22:04:40 GMT
MISSOURI CITY, TX (KPRC/CNN) - When a pregnant teacher in Texas collapsed, her coworkers rushed to help. The woman technically died, gave birth, and then was brought back to life. Erica Nigrelli, an EnglishMore >
A pregnant woman's heart stopped, and doctors performed an emergency c-section to rescue the baby and save the woman.More >