Newsflash:
Syria: the threats, costs, claims and lives What the civil war in Syria has exposed is that the massive political and social transformation, and real regime change under way is led by people themselves. US military involvement serves only to escalate the destruction. Read the Full Story
Pentagon Said to Seek $80 Billion for War Amid Withdrawal The Pentagon will ask Congress to approve about $79.5 billion for combat operations, the least since 2005, as U.S. troops withdraw from Afghanistan, according to administration officials. Read the Full Story
Jerry Brown: California’s Mystery Man One of California’s great mysteries is the state’s governor, Jerry Brown. In a time when America’s politicians strive to be everywoman and everyman, Brown goes his own way. While a nation frantically chases youth, the 75-year-old governor who glories in his age and experience, is at the top of his game. Read the Full Story
No Koch News: A Movement to Unsubscribe After years of mismanagement, the Tribune Company newspapers -- including the Chicago Tribune and L.A. Times -- are up for sale.  And one of the potential buyers? The Koch brothers.  And wow are people outraged! Read the Full Story
Video: Pentagon Accused of 'Rewriting Constitution' to Wage Endless War in Senate Hearing Pentagon officials today claimed President Obama and future presidents have the power to send troops anywhere in the world to fight groups linked to al-Qaeda, based in part on the Authorization for Use of Military Force (AUMF), passed by Congress days after the attacks on Sept. 11, 2001. Read the Full Story
An urgent message to 200 members of Congress They fanned out across the country from Los Angeles to Phoenix, Chicago, south to Atlanta and Miami, to the towns of Western Massachusetts, in New York City and beyond, and they entered offices on Capitol Hill in a national “Educate Congress” letter-drop campaign. Read the Full Story
When the IRS targeted liberals Under George W. Bush, it went after the NAACP, Greenpeace and even a liberal church.                          Read the Full Story
Logo Lowdown from the 2012 elections. Part 1--donors on the record Here's who is buying America's democracy The spark that ignited tea party wrath in 2008 was not such right-wing bugaboos as "Obamacare," the federal deficit, or states' rights, which were added on later by Koch-created front groups. Read the Full Story
Logo Lowdown from the 2012 elections. Part 2--donors OFF the record, or off the radar The money swamp created by Citizens United: Dark Money, corporate shell games, and SuperPAC plutocrats Some of you might remember "CREEP" from 1972's Nixon-McGovern matchup. It could've been an apt code name for Tricky Dick himself, but instead it referred to the "Committee to RE-Elect the President." Read the Full Story
H.R. 1000, the “Humphrey-Hawkins Full Employment and Training Act” Since 2000 more than 50,000 manufacturing facilities in the U.S. have closed and roughly 50,000 industrial jobs have been lost each month.  Now service sector jobs, where the remaining two-thirds of all workers are currently employed, are disappearing.   Read the Full Story
Former Attorney General Ramsey Clark Decries Government's "Big Brother" Seizure of AP Phone Records The Associated Press says the U.S. Department of Justice has secretly obtained a trove of journalists' phone records in what its chief executive called a "massive and unprecedented intrusion Read the Full Story
MAJOR PUSH AT CONGRESS: PROSPERITY, NOT AUSTERITY More Than 175 Members of Congress to be urged to Support Legislation  to Tax Wall Street, Raise Revenue for Main Street Recovery and Bring a Halt to Austerity

 Read the Full Story
image Syria: the threats, costs, claims and lives
image Pentagon Said to Seek $80 Billion for War Amid Withdrawal
image Jerry Brown: California’s Mystery Man
image No Koch News: A Movement to Unsubscribe
image Video: Pentagon Accused of 'Rewriting Constitution' to Wage Endless War in Senate Hearing
image An urgent message to 200 members of Congress
image When the IRS targeted liberals
image Logo Lowdown from the 2012 elections. Part 1--donors on the record
image Logo Lowdown from the 2012 elections. Part 2--donors OFF the record, or off the radar
image H.R. 1000, the “Humphrey-Hawkins Full Employment and Training Act”
image Former Attorney General Ramsey Clark Decries Government's "Big Brother" Seizure of AP Phone Records
image MAJOR PUSH AT CONGRESS: PROSPERITY, NOT AUSTERITY
Wednesday, 22 February 2012 07:54

Elizabeth Warren Says Washington Must Act Now To Help Stem The Tide Of Foreclosure

Written by  ElizabethWarren.com
Elizabeth Warren Says Washington Must Act Now To Help Stem The Tide Of Foreclosure

Backs MA Congressmen, Attorney General Coakley Calling on Federal Housing Finance Agency to Take Action To Prevent Unnecessary Foreclosures

BOSTON – It is past time for the Federal Housing Finance Agency (FHFA) to step up and help prevent unnecessary foreclosures in Massachusetts, said Consumer Advocate Elizabeth Warren, reinforcing calls from members of the Massachusetts Congressional delegation and Attorney General Martha Coakley.

Warren, one of the nation’s experts on bankruptcy, credit and housing finance, said she is speaking out to amplify calls from Congress and the Massachusetts Attorney General and to increase pressure on the FHFA to take action.

"The foot-dragging in Washington has stalled economic recovery and has hurt our families," said Warren. "We need a housing policy that fires on all cylinders: principal write-downs, refinancing options, cash for keys, and short sales."

Warren long has advocated for the federal government to take more aggressive actions to stabilize the housing market.  As the principal architect of the Consumer Financial Protection Bureau, a government watchdog agency that protects consumers from the financial tricks and traps hidden in mortgages, credit cards, and other financial products, Warren pushed for greater accountability and oversight of foreclosure practices nationwide.  "We must never forget that this economic crisis began one lousy mortgage at a time," Warren said.

Last week, Massachusetts Attorney General Martha Coakley called for the FHFA to change its position and expand loan modification programs, including principal write-downs, to stabilize the housing market and prevent unnecessary foreclosures. U.S. Reps. Barney Frank, Michael Capuano, and Stephen Lynch have all urged the FHFA to follow the Attorney General’s call for action.

"Foreclosures don’t just harm the families that lose their homes.  They also have powerful effects on whole communities, depressing home values and putting a drag on local economies," said Warren.          

Link to original article: ElizabethWarren.com

Read 3764 times Last modified on Wednesday, 22 February 2012 08:06
Published in Elizabeth Warren
More in this category: « U.S. Rep. Jim McGovern this week endorsed Democratic candidate Elizabeth Warren for the United States Senate. NOW PAC Endorses Elizabeth Warren »
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