LANHAM, Md. (CBSDC) — Fannie Mae released a statement in the wake of protests held outside headquarters on Wisconsin Avenue in Tenleytown Thursday afternoon.
Five people were arrested in front of the Fannie Mae headquarters on Wisconsin Ave. after being repeatedly urged by Metropolitan police to move back to the sidewalk. Those arrested were just a small portion of the dozens of protesters who lined up across the road blocking traffic in both directions protesting foreclosures.
The protesters dispersed shortly after the arrests were made.
Here’s the statement from Fannie Mae:
“We respect the right to protest and voice opinions. Every day, Fannie Mae is focused on helping homeowners who are struggling. The bottom line is that we want to prevent foreclosure whenever possible. Foreclosures are bad for everyone – for Fannie Mae, for taxpayers, for lenders, for servicers – but most importantly, for homeowners and their communities. We have the options to prevent foreclosure if a homeowner reaches out early for help to pursue their options.
“We have more options now than ever before – including modifications, short sales, or forbearance if you are having difficulty making your payments, and refinance options for borrowers that are current. It is important for borrowers to focus on the options that are available and to pursue them when they are having difficulty. It is also crucial for homeowners to reach out for help as early as possible when they are having difficulty making their mortgage payment. Homeowners can contact their servicer, or visit http://www.knowyouroptions.com for more information, including how to reach our 12 Mortgage Help Centers where you can meet face-to-face with Fannie Mae to discuss your options.
“Fannie Mae aims to sell foreclosed properties as quickly as possible to families who will make the neighborhood their home. Our goal in selling foreclosed properties is to minimize losses for Fannie Mae and the taxpayers while helping to stabilize the community.”
Also, Fannie Mae executives met with two representatives of the protesting group to hear their concerns and agreed to look into their individual cases.