{March 5, 2009}

Congressman Gregory Meeks Statement on the House Passage of The Helping Families Save Their Homes Act

(WASHINGTON, DC)–Congressman Gregory Meeks released the following statement today in regards to the House’s passage of HR 1106, the Helping Families Save Their Homes Act, by a vote of 234 to 191:

“Today, the House has passed legislation that will help prevent more tragedy and devastation to American families that are facing foreclosure. This legislation will not only help prevent foreclosures, but will strengthen the housing market and our economy.

This legislation provides incentives to lenders, servicers, and homeowners to work in collaboratively to modify loans and prevent foreclosures. For those families who cannot be assisted through voluntary agreements, it allows bankruptcy judges to modify the terms of loans for families with existing mortgages. With the Helping Families Save Their Homes Act we can prevent families from being uprooted, children being forced to switch schools, homes being boarded up and help families not lose their largest investment.”

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