Protesters Demand Mortgage Relief
ST. LOUIS, MO (KTVI) – Demonstrators took the streets of downtown St. Louis today to demand that funds aimed at helping homeowners struggling with their mortgages be released now.
The group protested in front of attorney general Chris Koster`s office then moved to the bank of America building on market.
The demonstrators say it`s taking too long for homeowners to access the 195 million dollars that Missouri received to help those facing foreclosure and dealing with underwater mortgages.
The group called Missourians organizing for reform and empowerment organized the demonstration.
Zach Chasnoff with ‘M.O.R.E.’ told us, ‘We`re talking about taking people and putting them on the streets. We’re potentially talking about costing lives. So people just don’t have three years to wait.’
Missouri received the funds as part of a settlement with the nation`s five largest lenders.
Koster helped negotiate that settlement.
Koster`s web site says homeowners might not start receiving settlement money until at least next year.