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Protesters demand mortgage help

Updated: Tuesday, 30 Jun 2009, 10:24 AM EDT
Published : Tuesday, 30 Jun 2009, 10:24 AM EDT

BOSTON - Protesters in more than a dozen cities across the country are demanding that a group of mortgage companies who benefited from federal bailout money participate in a government program designed to prevent foreclosures.

They say the companies should 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.

According to rally organizers, 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.

Copyright AP Modified, Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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