Michigan Activists Rally Against Wachovia /Wells Fargo Evictions
On September 29, more than 50 people picketed the Wachovia/Wells Fargo branch office in Grosse Point Woods, MI. They rallied to demand that Wells Fargo not evict Belva Davis and the thousands of homeowners like her who have fallen behind on their mortgages.
Homeowner Belva Davis of Detroit’s East English Village fell behind on her mortgage while unemployed. She has a new job and wants to pay the mortgage, but Wells Fargo refuses to modify the loan.
Last year, bailout bandit Wells Fargo pocketed $25 billion in taxpayer money. Even after the government gave it another $2.8 billion to modify mortgages, Wells Fargo has restructured only 6% of its eligible loans, well below most banks (see http://www.makinghomeaffordable.gov/).
Wells Fargo spends millions lobbying against pro-citizen bills like the Employee Free Choice Act, the Foreclosure Prevention Act (S 2636), and House Bill 3609, which would allow judges to modify mortgages. Where is the bailout for Wells Fargo customers & their neighborhoods?