imc indymedia

Los Angeles Indymedia : Activist News

white themeblack themered themetheme help
About Us Contact Us Subscribe Calendar Publish RSS
Tell the NSA: StopWatching.US

Features
latest news
best of news
syndication
commentary


KILLRADIO

VozMob

CopWatch LA

ABCF LA

A-Infos Radio

Indymedia On Air

Dope-X-Resistance-LA List

LAAMN List





IMC Network: www.indymedia.org africa: ambazonia canarias estrecho / madiaq kenya nigeria south africa canada: hamilton london, ontario maritimes montreal ontario ottawa quebec thunder bay vancouver victoria windsor winnipeg east asia: burma jakarta japan korea manila qc europe: abruzzo alacant andorra antwerpen armenia athens austria barcelona belarus belgium belgrade bristol brussels bulgaria calabria croatia cyprus emilia-romagna estrecho / madiaq euskal herria galiza germany grenoble hungary ireland istanbul italy la plana liege liguria lille linksunten lombardia london madrid malta marseille nantes napoli netherlands nice northern england norway oost-vlaanderen paris/Île-de-france patras piemonte poland portugal roma romania russia saint-petersburg scotland sverige switzerland thessaloniki torun toscana toulouse ukraine united kingdom valencia latin america: argentina bolivia chiapas chile chile sur cmi brasil colombia ecuador mexico peru puerto rico qollasuyu rosario santiago tijuana uruguay valparaiso venezuela venezuela oceania: adelaide aotearoa brisbane burma darwin jakarta manila melbourne perth qc sydney south asia: india mumbai united states: arizona arkansas asheville atlanta austin baltimore big muddy binghamton boston buffalo charlottesville chicago cleveland colorado columbus dc hawaii houston hudson mohawk kansas city la madison maine miami michigan milwaukee minneapolis/st. paul new hampshire new jersey new mexico new orleans north carolina north texas nyc oklahoma philadelphia pittsburgh portland richmond rochester rogue valley saint louis san diego san francisco san francisco bay area santa barbara santa cruz, ca sarasota seattle tampa bay tennessee urbana-champaign vermont western mass worcester west asia: armenia beirut israel palestine process: fbi/legal updates mailing lists process & imc docs tech volunteer projects: print radio satellite tv video regions: oceania united states topics: biotech
printable version - json version - email this article - view hidden posts - tags and related articles
link:

Furious Homeowners Occupy Lobby of Fannie Mae in Pasadena

by Los Angeles People’s Media Monday, Jun. 16, 2014 at 4:15 AM

Members of the Alliance of Californians for Community Empowerment (ACCE), Occupy Fights Foreclosures (OFF), Occupy Los Angeles (#OccupyLA), the Home Defenders League (HDL), and Strategic Action for a Just Economy rallied at Fannie Mae in Pasadena, CA to demand that the Federal Housing Finance Agency end its policies prohibiting principal reduction for underwater homeowners.

Furious Homeowners O...
1_juana_coronel_fannie_mae_lobby_by_acce.jpg, image/jpeg, 614x400

PASADENA—More than fifty people filled the office lobby of Fannie Mae on Wednesday, June 11, 2014 in a call for the federal housing agency to change policies which are evicting long-term homeowners.

The rally opened with chants of “Hey, hey, Fannie Mae, don’t take the American Dream away!” and “Fannie Mae, how many people did you evict today?”

Gisele Mata began the press conference by stating, “We're calling on Federal Housing Finance Agency director Mel Watt to return Fannie Mae and Freddie Mac to their original purpose, which was to support home ownership, not make Wall St investors rich.”

The crowd gathered to call attention to the plight of Jaime and Juana Coronel, an Azusa couple who have “worked their whole life to afford the house they’ve lived in for almost 25 years. The Cornels lost their home of 25 years to improper foreclosure. Now, the Cornels, after renting three years from Fannie Mae, they qualify to buy back their home. We have a letter here today that proves that the Coronels are qualified to buy back their home at fair market value, but Fannie Mae won’t sell it back to them at market price. Fannie Mae is intent on evicting the Coronels to sell this house at the same price, that the Coronels can afford, but to someone else.”

“Crooks! Crooks! Crooks! Crooks!” jeered the crowd at this announcement.

Ms. Mata continued to explain, “Fannie Mae will probably sell this home to an investor who is going to flip it or rent it out. It is time to end this policy.

“Fannie Mae would like to make Wall St investors rich. Today you will hear from several families who are not going to let the FHFA bad policy destroy their lives any more. They’re fighting back.”

The crowd cheered back, “Fannie Mae, you will pay!” before Juana Coronel took the microphone to tell her own story. As an interpreter revealed, landscaper Jaime lost his job during the housing crisis. “We asked for a modification three times and they wouldn’t give it to us. Fannie Mae told us they would rent it to us, so we agreed, and we rented it for three years, never missed a payment, then they decided to evict us.”

“Shame on you! Shame on you! Shame on you!” responded the crowd.

“My husband got so stressed out on this situation that he had a stroke. We are trying to buy back the house but they are demanding we pay $450,000 for this house that is only worth $260,000. All we’re asking is for them to sell us the house at the same price anyone else is going to buy it for, which is the market price,” concluded Mrs. Coronel.

As Juana Coronel signed a gigantic check for $260,000, Gisele Mata explained, “They are ready and willing with an investor who will buy back their home for them.”

California state assemblymember Roger Hernandez (48th District) and state senator Ed Hernandez (24th District) both sent letters of support for the Coronel family. “Thousands of hardworking homeowners are still impacted by the foreclosure crisis. To restore our economy and give everyone an equal opportunity, we must promote homeownership and prevent homeowners from needlessly being evicted,” wrote Roger Hernandez. “At this point, all major banks are using principal reduction to keep hardworking homeowners in their home as they continue making payments. Fannie Mae and Freddie Mac are among the last to utilize any form of principal reduction.”

A representative from Occupy Fights Foreclosures, Carlos Marroquin, spoke next, explaining, “We are here at Fannie Mae, not because we don’t have anything to do, [but] because things have not changed and we are very, very disappointed with the current status quo.

“We have 10 million American families that are underwater, yet Fannie Mae refuses to change their policies, not to throw them out into the streets, not to lose their home to foreclosure. It’s time for Mel Watt to realize he’s in office to represent the people of the United States, not Wall St!

“These polices back date from President Bush! Why are we still trying to force something that doesn’t work? We have seen millions of families thrown out to the streets because of these policies that don’t work. We want policies that work. We want Fannie Mae to work with families. They were bailed out by taxpayers! Now is time to make things change.”

Realtor Felipe Acuna from Century 21 addressed the crowd to explain the price at which the Coronels are willing to buy back their home, and to explain how FHFA polices for selling foreclosed homes are hurting homeowners, local businesses, and our economy.

Wednesday’s press conference was organized by the Alliance of Californians for Community Empowerment (ACCE) and Occupy Fights Foreclosures (OFF), who kept the location of the conference a secret until just hours before the event. After past experiences being locked out of Wells Fargo and Bank of America buildings, the activists knew they had to employ an element of surprise to get close to Fannie Mae. After arriving at Pasadena City Hall, the rally traveled through an underground parking garage to take an elevator with direct access to the Fannie Mae foyer.

After the press conference concluded, the people took to the sidewalks outside the office building to continue the rally. The picket line chants included: “Fannie Mae got bailed out! We got sold out!” and “Fannie Mae, you can’t hide! We can see your greedy side!”

Citizen journalist Nowhere Man wrote of the afternoon, “Strange characters began showing up in the Pasadena heat. Unmarked black-tinted windowed vehicles with men in suits appeared and began filming protesters. Who were they? Not sure, activists began filming them back—including their license plates.”

Livestreamer Patti Beers asked Carlos Marroquin why so many people showed up in Pasadena today, and he responded, “There’s about 20 million at risk of foreclosure, yet we are still working with the same policies that have failed us for the last five, seven years.

“Mel Watt continues to close his eyes. He had promised he was going to bring changes. We continue to see Wall St benefiting from the foreclosure crisis. We continue to see Wall St invest in foreclosures and turn them into rentals. We are asking for principal reductions, They could do it, immediately, it would jump starting the economy and the housing market. President Obama needs to know that there are millions of families that are worried, that are hurting.”

The Alliance of Californians for Community Empowerment is asking everyone to call and email Mel Watt demanding an end to FHFA Bush-era policies: http://bit.ly/TKNci7

Protesting Fanny Mae in Pasadena (41:35) by @PMBeers:
http://www.youtube.com/watch?v=-Y-jqZrBbyE

Los Angeles People’s Media
@LAPeoplesMedia
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Juana Coronel Occupying Fannie Mae, June 11, 2014

by Los Angeles People’s Media Monday, Jun. 16, 2014 at 4:15 AM

Juana Coronel Occupy...
2_fannie_mae_protest_by_dd.jpg, image/jpeg, 1200x854

Juana Coronel with a representative of CA State Assemblymember Roger Hernandez's office at the June 11, 2014 occupation of Fannie Mae in Pasadena, CA. The Coronels are asking to purchase the home they have rented for the last three years at fair market value. Their home of nearly 25 years was illegally foreclosed upon when Jaime Coronel lost his income in 2009; now Fannie Mae is refusing to re-sell them their home for the fair market price.
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


10 Million Under Water - Change the Policy

by Los Angeles People’s Media Monday, Jun. 16, 2014 at 4:15 AM

10 Million Under Wat...
3_acce_in_lobby.jpg, image/jpeg, 2048x1536

Members of the Alliance of Californians for Community Empowerment (ACCE), Occupy Fights Foreclosures (OFF), Occupy Los Angeles (#OccupyLA), the Home Defenders League (HDL), and Strategic Action for a Just Economy rallied at Fannie Mae in Pasadena, CA to demand that the Federal Housing Finance Agency end its policies prohibiting principal reduction for underwater homeowners.
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Juana Coronel signs $260,000 check to Fannie Mae for her Azusa home

by Los Angeles People’s Media Monday, Jun. 16, 2014 at 4:15 AM

Juana Coronel signs ...
4_acce_juana_coronel_signs_check.jpg, image/jpeg, 720x540

As Juana Coronel signed a gigantic check for $260,000, Gisele Mata explained, “They are ready and willing with an investor who will buy back their home for them.”
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Occupy Fannie Mae

by Los Angeles People’s Media Monday, Jun. 16, 2014 at 4:15 AM

Occupy Fannie Mae...
5_check_by_nwm.jpg, image/jpeg, 652x395

Through bullhorns, activists told the tale of the Coronels’ and others. It’s not just the banks improperly seizing the homes of individuals who made every payment in the past—the government-backed Fannie Mae was doing it also.

We left the scene after leaving this symbolic check for $260,000—the actual value of the home. Fannie Mae had offered them the home back for $450,000 plus a $45,000 down payment.

Huh? Outrageously, Fannie Mae was giving the Coronels the runaround just like a Wall Street bank would.

But that’s not going to happen. The Coronels are fighting back.

And we’re going to stand by them until Fannie Mae changes their policies towards all American homeowners to the fair deals homeowners deserve.

Occupy!

Photo courtesy of Nowhere Man.
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Security Responds to the arrival of Fannie Mae Protest

by Los Angeles People’s Media Monday, Jun. 16, 2014 at 4:15 AM

Security Responds to...
6_lobby_reaction_by_nwm.jpg, image/jpeg, 695x350

Photo of 6/11/2014 Fannie Mae protest courtesy of Nowhere Man.
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Crowd marching from Pasadena City Hall to Fannie Mae

by Los Angeles People’s Media Monday, Jun. 16, 2014 at 4:16 AM

Crowd marching from ...
7_pasadena_city_hall_crowd_nwm.jpg, image/jpeg, 657x540

More than fifty people filled the office lobby of Fannie Mae on Wednesday, June 11, 2014 in a call for the federal housing agency to change policies which are evicting long-term homeowners.

The rally opened with chants of “Hey, hey, Fannie Mae, don’t take the American Dream away!” and “Fannie Mae, how many people did you evict today?”

Photo by Nowhere Man.
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Mystery Man with license plate 6UJX603

by Los Angeles People’s Media Monday, Jun. 16, 2014 at 4:16 AM

Mystery Man with lic...
8_mystery_man.jpg, image/jpeg, 1200x784

Mystery Man with license plate 6UJX603
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Occupy Fights Foreclosures in Fannie Mae Foyer

by Los Angeles People’s Media Monday, Jun. 16, 2014 at 4:16 AM

Occupy Fights Forecl...
9_crowd_in_lobby_by_dd.jpg, image/jpeg, 1200x831

More than fifty people filled the office lobby of Fannie Mae on Wednesday, June 11, 2014 in a call for the federal housing agency to change policies which are evicting long-term homeowners.

The rally opened with chants of “Hey, hey, Fannie Mae, don’t take the American Dream away!” and “Fannie Mae, how many people did you evict today?”

Photo by D.D.
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


Activists Demand Fannie Mae reverse Bush-era policies hurting homeowners

by Los Angeles People’s Media Monday, Jun. 16, 2014 at 4:16 AM

Activists Demand Fan...
fannie_mae_protest_june_11.png, image/png, 1343x731

Livestreamer Patti Beers asked Carlos Marroquin why so many people showed up in Pasadena today, and he responded, “There’s about 20 million at risk of foreclosure, yet we are still working with the same policies that have failed us for the last five, seven years.

“Mel Watt continues to close his eyes. He had promised he was going to bring changes. We continue to see Wall St benefiting from the foreclosure crisis. We continue to see Wall St invest in foreclosures and turn them into rentals. We are asking for principal reductions, They could do it, immediately, it would jump starting the economy and the housing market. President Obama needs to know that there are millions of families that are worried, that are hurting.”

The Alliance of Californians for Community Empowerment is asking everyone to call and email Mel Watt demanding an end to FHFA Bush-era policies: http://bit.ly/TKNci7

Protesting Fanny Mae in Pasadena (41:35) by @PMBeers:
http://www.youtube.com/watch?v=-Y-jqZrBbyE
Report this post as:
Share on: Twitter, Facebook, Google+

add your comments


LATEST COMMENTS ABOUT THIS ARTICLE
Listed below are the 10 latest comments of 7 posted about this article.
These comments are anonymously submitted by the website visitors.
TITLE AUTHOR DATE
Parasites Fuck you Tuesday, Jun. 17, 2014 at 9:36 AM
Sure... Excuse me Wednesday, Jun. 18, 2014 at 7:39 AM
Fraudulent Foreclosures nobody Wednesday, Jun. 18, 2014 at 9:49 PM
Everyone Is Fat as hell Anon Friday, Jun. 20, 2014 at 3:13 PM
I CAN STOP CANCEL ANY SALE DATE DATE FOR 2 YEARS MIN... William Friday, Jun. 20, 2014 at 11:38 PM
I CAN STOP CANCEL ANY SALE DATE DATE FOR 2 YEARS MIN... William Friday, Jun. 20, 2014 at 11:38 PM
another wall street crook wannabe projects crazy_inventor Saturday, Jun. 21, 2014 at 5:25 AM

Local News

MDRC's Rent Reform Assault: Section 8 tenants vs. affordable housing industry J24 12:24AM

Obama at LA Trade Tech J23 3:23PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 6:33PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 5:48PM

Los Angeles Joins World Wide Protest Against Israeli Aggression J22 5:28PM

Protest Israeli Shelling of Gaza J21 1:58AM

#SaveTheInternet Rally J20 11:24AM

PACIFICA is shify-ing more J18 8:55PM

Radical Women Study Group J16 4:43PM

KIDS REPLANT WILSHIRE FRUIT TREES UPROOTED BY VANDALS J16 2:34PM

Emails Needed by Thursday, July 17 to Save the South Central Farm (Again) J15 4:40PM

Is AFT Pres Weingarten On The Take? J12 7:45AM

LA Living in Vehicle Law Found UnConstitutional J11 12:22PM

KPFK News covers the Che Cafe struggle J10 9:33PM

Public Comment on South Central Farm Site J07 10:44PM

Successful Protest at new Burbank Hobby Lobby on 4th J06 5:17PM

Protesters Violently Arrested in Murietta J05 12:44AM

Gallery Opening Highlights Journalist’s Creativity, Insights, and Passions J03 11:52AM

Indymedia On Air - Che Cafe show J02 10:27AM

Save the Che: Letter from Zack de la Rocha J29 8:47PM

Political Thriller Citizen Koch Premieres in Los Angeles J28 2:35AM

Veteran and Families of Military hold Press Conference J18 7:36AM

Furious Homeowners Occupy Lobby of Fannie Mae in Pasadena J16 4:15AM

Change Links Revival J12 12:09PM

Election Day with Occupy Los Angeles: Know Your Rights Juror Education Rally J05 9:39PM

United We Stand Festival Ignites a Wave of Action for Indy Journalists and Active Citizens J05 7:36PM

San Pedro Born Activist Yuri Kochiyama Dies J02 12:04PM

More Local News...

Other/Breaking News

Video: Occupy Love (2013), 1 hr 19 min J28 4:43AM

Philippine President told: Re-energize the campaign for reforms J28 3:23AM

Panthers in the Hole: French Angola 3 Book Illustrates US Prison Crisis J27 12:13PM

¡Abajo las nuevas exacciones criminales de Israel! J27 11:41AM

Who declares themselves to be the ultimate-only-valid-authority here on current wars elsew J27 11:11AM

looks ok to me... J27 10:32AM

Down with the latest criminal abuses by the Israeli State! J27 10:21AM

THE BOOK OF JOSHUA | ZIONAZIS J26 9:52PM

Video: Left Forum on Thomas Paine 1 hr, 23 min J26 4:21PM

Surpopulation et paupérisation J26 9:13AM

AVAAZ_GAZA_war crimes J26 8:07AM

Israeli-Palestinian Science Organization (IPSO) Struggles for Peace J26 8:02AM

Snake Valley Festival in Baker NV fights SNWA ‘Water Grab’ J26 6:59AM

Nuclear Bomb LA 1983, Revelations tortured Witness Recovers from 14 year coma J25 7:52PM

The Shortwave Report 07/25/14 Listen Globally! J24 5:00PM

Come for the education, Stay for the fun at the OC Health & Wellness Fair J23 10:59PM

Philippine president signs law requiring tobacco companies to put graphic health warnings J23 3:55AM

Rockets found in Gaza school J22 10:57PM

Statement on the Gaza Genocide J22 8:32PM

Capitalism and War: Pope Francis J22 4:18AM

Geekouts Link's for June and July 2014 J22 1:14AM

ADI holds Week of Action Against Circus Suffering J21 11:41AM

phantom protests J21 7:35AM

Précis de la tyrannie ou les 64 bourgeoisies J21 3:32AM

The Abiding Economics of John Kenneth Galbraith J19 3:19PM

The Word J18 1:12PM

Burn Cut Poison: Toxic Trillion Dollar Cancer Industrial Complex Of Radiation, Surgery, Ch J18 10:17AM

Abrégé de déictique J18 2:04AM

More Breaking News...
© 2000-2003 Los Angeles Independent Media Center. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by the Los Angeles Independent Media Center. Running sf-active v0.9.4 Disclaimer | Privacy