US foreclosure crisis creating nationwide problem
The US foreclosure crisis is creating an overwhelming problem of affects nationwide. At the very least of its problematic influence it destroys businesses, could force tens of families into near homelessness or poverty and breaks down the fabric of neighborhoods across the country.
And newly released info shows US mortgages are on the decline-- meaning less Americans are buying houses; considered to be one of the main engines driving the US economy. Members of recent concerned organizations such as Occupy and others are sounding the alarm over US economic troubles.
In Washington, DC’s downtown, groups of protesters held a standoff with security personnel outside of a hotel where members of the Mortgage Bankers Association were holding a convention. Protesters say part of the reason that foreclosures are on the rise and the economy is stagnant is because of intense lobbying for corporations that often ignore the little guy.
Protesters greeted members of the mortgage bankers association at the doors of the Hyatt Regency Hotel. Their goal is to take a stand against corporate interests which they say is crippling America's economically disadvantaged. They also want to add enthusiasm to the Occupy movement in an election year.
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