Melissa joined Council Members Jumaane Williams and James Sanders, New York Communities for Change and others this morning in protesting JP Morgan Chase’s mortgage policies. A recent report found that Chase has failed to provide desperately needed mortgage modifications that could have helped New Yorkers to avoid losing their homes. Protestors called on Chase to stop all foreclosures, while Council Member Jumaane Williams closed his account at the bank in response to its unfair policies.
Since the foreclosure crisis began several years ago, communities of color have been proportionately impacted as thousands in New York City alone have lost their homes. Out of the over 1,000 New Yorkers that hold a Chase mortgage that asked for a modification, only 6% have had their mortgage modified, placing Chase’s performance in this area among the worst in the nation.
See the slideshow below for some pictures from the event. Additional photos are available here.