This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Fannie Mae, Freddie Mac 'Face' Sit-In Over Eviction

Community leaders & neighbors will stand with Jeff Solivan to stop Fannie Mae from evicting him and making another home vacant on the street.

First it was 10,000 emails to Mel Watt, now the battle over Fannie Mae and Freddie Mac is heating up even more. Check out the latest below.

Tuesday June 24th, 2014 at 6:00 PM, over 100 Springfield residents and allies will join Jeffery Solivan to fight eviction from his home by Fannie Mae and Mel Watt, the director of the Federal Housing Finance Agency, which oversees Fannie Mae / Federal National Mortgage Assctn Fnni Me OTCBB:FNMA and Freddie Mac / Federal Home Loan Mortgage Corp OTCBB:FMCC. Neighbors, members of the Springfield Bank Tenant Association SBTA, and community, faith & labor organizations, will vigil at 32 Edgemont Street to demand affordable housing for Mr. Solivan and families across the nation. Following a speak out at the house they will march on 6 vacant homes - all owned by banks after foreclosure - in the neighborhood before returning to the house to stage a mock "block shutdown" to demonstrate to Fannie Mae and Mel Watt the type of civil disobedience they plan if a sheriff comes to evict Mr. Solivan.

Fannie Mae Freddie Mac FHFA Federal National Mortgage Assctn Fnni Me FNMA Bove

Solivan on Fannie Mae

"I would be happy to maintain my home and pay what I can to avoid homelessness," Mr. Solivan says. "Fannie Mae, as a government-run agency, should turn my home into an affordable rental. But if they choose to evict, I'm ready to fight that eviction."

Mr. Solivan bought his home in 2007 at the height of the bank created housing bubble. He was employed working at a homeless shelter at the time. In 2008, following the economic collapse, he was let go without explanation leaving him unemployed. Shortly after, Mr. Solivan suffered a heart attack and then was hit by a car in 2012, leaving him unable to work. Like millions of others he now lives on a fixed social security income, which is not enough to be able to afford rising rents in the city or the country.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FNMA $1.72 -1.15%
FMCC $1.58 -1.86%
AAPL $94.19 -1.04%
FB $118.06 0.54%
GOOG $695.70 0.48%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs