Protesters demand mortgage help from loan firms

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By Beth Boehne

Story Created: Jun 30, 2009 at 12:06 PM EST

Story Updated: Jun 30, 2009 at 12:06 PM EST

PHILADELPHIA (AP) — Protests are planned in more than a dozen cities across the country to demand that a group of mortgage companies who benefited from federal bailout money participate in a government program designed to prevent foreclosures.

The protesters want the companies to 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.

Rally organizers say 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.

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