Wall Street has found another way to make money off of the crisis that they put us in. As homes head into foreclosure, Wall Street’s vulture capitalists are swooping in to buy-up the delinquent mortgages and foreclosed homes being auctioned off through FHA’s Distressed Asset Stabilization Program (DASP). Their agenda is to make money, and so they are pushing struggling homeowners to foreclosure, flipping properties and, in some markets, raising rents that price out area residents.

It’s no surprise that Wall Street vulture capitalists would scheme to further destabilize our communities. It is unacceptable, however, that the U.S. Department of Housing & Urban Development (HUD) is helping this along. HUD’s mission is to “create strong, sustainable and inclusive communities and quality affordable housing for all.” Instead, HUD is selling pools of delinquent mortgages to the highest bidder regardless of their program & its impact on communities. 97% of the loans sold since 2012 have gone to for-profit companies on Wall Street.

On September 9, home defenders and grassroots community groups across the country are taking action and launching a campaign to fix HUD’s distressed asset sale program. Type in your zip code to search for an event near you, or sign up to host your own.