I’ve heard from so many constituents impacted by foreclosures, declining home values and tough economic times.  This legislation strikes a balance between free enterprise and regulation, which is what needs to happen for our system to work. I am proud to back this legislation to help homeowners stay in their homes and keep making payments, which will help ease the credit crisis faced by our markets.

The housing crisis is impacting all of us. Families who lose their homes are directly impacted, but their former neighbors have also seen their homes lose value. Our comprehensive approach will help end this crisis and get our economy back on track.

This entry was posted on Friday, May 9th, 2008 at 2:45 pm and is filed under Politics, Economy/Budget .