Save Our Homes

Our nation's housing finance crisis threatens the dreams and security of millions of working families. Skyrocketing foreclosures are compounded by lack of affordable housing. The results are bleak for millions of middle-class working families.

• More than 8 million home foreclosures are expected in the United States over the next four years.
• Analysts estimate there are approximately 10,000 foreclosure filings each day.
• Some 40 million homes in neighborhoods surrounding foreclosures will suffer price declines averaging more than $8,667 per home and resulting in a $352 billion total decline.
• States such as Florida, California and those in the Southwest and upper Midwest have been devastated with foreclosures and home depreciation.

Lack of effective federal regulation of the U.S. mortgage and financial markets unleashed a range of misleading and exploitative methods for home financing. As a result, millions of homeowners find themselves with loans they are unable to manage and communities are blighted by abandoned homes.

Projected Percentage of Homeowners to Face Foreclosure from
Subprime Loans Issued in 2005 and 2006