Business

BANK ON CHANGE

A new kind of street warfare is breaking out against Wall Street titans – and it’s happening on their lawns and outside their lobbies too.

A corps of agitators – financed, ironically, with federal-stimulus millions – is making the rounds of suburban mansions and posh co-ops of Wall Street bankers and CEOs, haranguing them for their errors in the housing crisis.

“When you take our homes, we’re going to your homes to make you accountable,” said activist Bruce Marks, following a sunny weekend of marching with 350 angry protesters at two high-profile targets.

The group, chanting into their bullhorns and waving protest signs such as “Make Your Home, Our Home,” rallied for an hour around the Rye, NY, mansion of John Mack, head of Morgan Stanley.

The crowd earlier struck in nearby Greenwich, Conn., pouring into a gated enclave and onto the grounds of the palatial home of Greenwich Financial Services CEO William Frey. No incidents or CEO sightings were reported at either spot.

“We don’t get permits to protest, we just show up,” said Marks, who boasts of being a “bank terrorist.”

The group in the coming weeks will head to Park Avenue and Central Park West homes of other titans, including Lloyd Blankfein of Goldman Sachs.

Their main goal, however, is to sway decision makers at top financial firms to sign vendor deals with Marks and his group to rewrite soured mortgages for homeowners.

His Web site says the group “has agreements with many lenders to make mortgages affordable, but the below executives have refused (to sign one),” citing at least eight targeted execs, including Blankfein and HSBC’s CEO Brendan McDonagh.

Using a lengthy and tenacious campaign of angry marches, even spilling into the offices of institutions, the group has managed to corral more than $10 billion from banking partners to finance cheap mortgages. It recently was granted $15 million in stimulus money.

Even Mayor Bloomberg awarded the group a grant, which two months ago was among 19 non-profits getting a total $2.3 million to help sort out flopped mortgages here.

Marks, a long-time mortgage broker, founded the activist housing group, Neighborhood Assistance Corporation of America, whose mission is to create affordable homes and to stop predatory lending.

Marks sent 300 protesters charging into Citigroup’s annual meeting in 2003, ultimately winning a pledge of $3 billion in loans for his constituents. Bank of America’s Ken Lewis recently folded to similar pressure and has pledged $6 billion for the effort.

When Uncle Sam’s $700 billion rescue package was shaping up in October, Marks and his group blocked the entrance of mortgage giant Fannie Mae until he got a sit-down with its executives. Now, Marks works with Fannie Mae to restructure mortgages for an undisclosed remuneration.

Marks said his group has generated about 50,000 loans in the past decade.

paul.tharp@nypost.com