Foreclosure
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Reed’s Bill to Expand Housing Protections for Troops Advances in Senate
U.S. Senator Jack Reed’s plan to help protect the financial well-being of thousands of U.S. troops and their families gained momentum this week when it received bipartisan approval from a key Senate panel. Yesterday, the Senate Committee on Veterans’ Affairs unanimously...
Posted on 9/13/2012 | -
Floor Statement on FHFA Decision to Prohibit the Use of Principal Reduction
Madam President, first, let me express my disappointment that my colleagues on the other side of the aisle blocked consideration of vitally important cyber security legislation. The Secretary of Defense, when asked about a potential threat to the United States, declares emphatically that his biggest concern is t...
Posted on 8/2/2012 | -
Reed Statement on FHFA Rejection of Principal Reduction
U.S. Senator Jack Reed (D-RI) issued the following statement in response to Federal Housing Finance Agency (FHFA) Acting Director Edward J. Demarco’s opposition to allowing Fannie Mae and Freddie Mac to use Principal Reduction Alternative incentives to prevent foreclosures and...
Posted on 7/31/2012 | -
Reed, Durbin, Whitehouse, Begich, Biden Seek Expanded Housing Assistance for Troops
In an effort to protect the financial well-being of thousands of U.S. troops and their families, U.S. Senators Jack Reed (D-RI), Dick Durbin (D-IL), Sheldon Whitehouse (D-RI), Mark Begich (D-AK), and Delaware Attorney General Beau Biden are calling for new rights and protections for...
Posted on 5/22/2012 | -
Reed Seeks to Help Responsible Homeowners Refinance
U.S. Senator Jack Reed today joined with Senators Robert Menendez and Barbara Boxer in introducing a bill to help millions of responsible homeowners refinance at lower rates and save thousands of dollars each year. “We need to fix the housing market and do everything w...
Posted on 5/10/2012 | -
RI to Receive Additional $634,000 in Foreclosure Prevention Funds
PROVIDENCE, RI - U.S. Senator Jack Reed (D-RI) today announced that Rhode Island will receive an additional $634,342 in federal funding to continue providing housing counseling to struggling Rhode Islanders through NeighborWorks America’s National Foreclosure Mitigation Counseling (N...
Posted on 3/22/2012 | -
Reed Announces $239,000 in Housing Counseling Assistance
PROVIDENCE, RI - In an effort to help Rhode Islanders find suitable housing and avoid foreclosure scams, U.S. Senator Jack Reed (D-RI) today announced that Rhode Island is receiving $239,813 in federal housing counseling funds. Rhode Island Housing will receive $221,264 and the...
Posted on 3/16/2012 |