Titus Floor Statement on Amendment to Housing Bill"Foreclosure prevention, I believe, is a critical piece of any strategy to get us back on track. I strongly believe that aggressive outreach to borrowers can help prevent unnecessary foreclosures – and that is exactly what my amendment seeks to address."
Las Vegas Sun: Titus: Bailout Should Help Underwater Homeowners"As banks begin to repay (or give back) their bailout money, Democratic Rep. Dina Titus wants the windfall to be used to help underwater homeowners in Southern Nevada. Titus wrote a letter today to Treasury Secretary Timothy Geithner requesting that funds from the $700 billion Trouble Asset Relief Program approved by Congress last fall go toward creating a new program to help homeowners who owe more than their homes are worth."
Titus Amendment to Mortgage Reform and Anti-Predatory Lending ActCongresswoman Dina Titus of Nevada’s Third District offered an amendment with Congressman Dennis Cardoza of California to H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act. The amendment increases transparency and aims to reduce future foreclosures by requiring that consumers receive side-by-side information on the costs and benefits of different mortgage options.
Titus Offers Amendment to Increase Transparency in Home Loans“This amendment would add further transparency to the process of securing a residential mortgage loan and ensure that information is presented to consumers in a way that will give them the ability to easily and clearly compare all of the options that are available to them."
Titus Supports Commission to Examine Causes of Financial Crisis“With more than 60 percent of Nevada homes underwater, it is critical that we understand what caused a crisis of such magnitude and how we can prevent a similar crisis from happening in the future. We must restore accountability and ensure that Nevada’s families will not be left reeling again due to the irresponsible actions of Wall Street.”
Las Vegas Sun: Titus Introduces Her First Bill"For her legislative debut, Democratic Rep. Dina Titus introduced her first stand-alone bill today — legislation to help homeowners in Nevada get information about reducing mortgage costs. The bill, similar to an amendment Titus had offered earlier this year, would require mortgage service companies that receive funds from the federal program to write down loans to notify homeowners of the help available."
Las Vegas Review-Journal: First Titus Bill Offers Housing Help"Rep. Dina Titus' first bill in Congress requires mortgage lenders to notify homeowners they may qualify for federal help to avoid foreclosures. The bill introduced today requires that loan servicers that receive federal mortgage subsidies to send notices each quarter to all their customers. The mailings would notify homeowners of government programs that could help with refinancing, loan modifications and other forms of mortgage relief."
Titus and Cardoza Introduce Housing Legislation“My district in Southern Nevada has been one of the hardest hit by the foreclosure crisis. To make matters worse, too many people do not know about the resources that are available to help them keep their home. From refinancing options to loan modifications, help is out there, but it can be hard to find. This legislation will ensure that homeowners who are struggling to stay in their home get critical information about the various programs. In addition, this notification will help protect people from shameful scams by providing them with accurate and efficient information.”
Titus Urges Geithner to Use TARP Funds to Help Homeowners Who Are Underwater"I write to ask you to consider using TARP funds, especially those that will be soon returned to the Treasury, to create new, targeted programs to help those families that are more than 105% 'underwater.' Many families in my district are not eligible for help under the “Making Home Affordable” program but need assistance to stay in their homes."
Titus Statement on President Obama’s Housing Plan"As Nevada continues to lead the nation in the foreclosure rate, President Obama’s new housing initiative will provide welcome assistance to responsible homeowners who followed the rules yet still face foreclosure. While this program will not bring an end to the housing crisis or help every homeowner, it is a step in the right direction that will help millions of families stay in their homes."
Titus Floor Statement on Amendment to Housing Bill"I can't tell you how many calls I have received from constituents in my district office who are facing foreclosure and don't know where to turn. This amendment will provide them with the information and help they need under this important legislation."