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Protests Planned To Push Foreclosure Prevention

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Jun 30, 2009 1:54 pm US/Eastern

Protests Planned To Push Foreclosure Prevention

ACORN Rally Headed To Philly

PHILADELPHIA (AP) ― Protests are planned in more than a dozen cities across the country to demand that a group of mortgage companies who benefited from federal bailout money participate in a government program designed to prevent foreclosures.

The protesters want the companies to sign on to the Obama administration initiative called "Making Home Affordable." The administration estimates it could help up to 9 million financially troubled homeowners stay in their homes.

Rally organizers say about 80 percent of eligible loan companies are participating already.

The protests are scheduled Tuesday in 14 cities, including Philadelphia, Dallas, Boston, Los Angeles and Miami. They're organized by the Association of Community Organizations for Reform Now, also known as ACORN.




(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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