Group protests outside Chicago's Fannie Mae offices

December 20, 2011 3:03:31 PM PST
A group called Action Now protested outside the Wacker Drive offices of mortgage giant Fannie Mae Tuesday.

The group was protesting the lawsuit filed by the federal housing and finance agency. It oversees Fannie Mae against the city of Chicago's vacant property ordinance. The Chicago ordinance calls for mortgage holders to pay a one-time registration fee of $500for each vacant building, plus a daily fine of up to a thousand dollars if certain property standards are not met.

The protesters are asking that the agency drop the suit and instead start maintaining all their vacant homes or work to help keep people in their homes.

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