actionnow.org

On September 9th, 2009, Action Now and SEIU HCII rallied at the Wells Fargo offices at 230 W. Monroe. At the rally, members unrolled a huge list of the 4,000 foreclosure cases that Wells Fargo currently has in the Cook County Court system. Wells Fargo received 25 billion dollars in the bailout, yet they still refuse to modify homeowners’ loans! Under Obama’s Making Home Affordable plan, Wells Fargo is required to offer loan modifications to borrowers who qualify before they foreclose on a home. Unfortunately Wells Fargo has not been complying with this program; they have only modified 6% of their loans that are eligible under President Obama’s plan!

Action Now member Marilyn Smith was denied a loan modification by Wells Fargo. It took three consecutive rallies at Wells Fargo Home Mortgage last year, before they finally agreed to rescind the sale of Ms. Smith’s home. Unfortunately, Wells Fargo decided to sell her mortgage to another servicer so that they wouldn’t have to deal with the trouble of modifying her loan. Today, Marilyn Smith is still in danger of losing her home!

We must hold Wells Fargo accountable for their bad banking practices. They cannot take a taxpayer-funded bailout and then continue to force people out of their homes! Banks must stop playing games with our money!

Action Now and SEIU HCII members holding a list of Wells Fargo's 4,000 foreclosure cases in the Cook County Courts system

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