Housing
More on Housing
by Joanne Allen
A House of Representatives subcommittee on housing issues will hold a hearing on home foreclosures when lawmakers return from recess after the November elections, the panel announced on Monday.
The hearing is scheduled for Thursday, November 18 at 10:00 a.m. with testimony from industry representatives, government regulators and watchdog groups, the House Subcommittee on Housing and Communality Opportunity said in a statement.
BY GARY WALKER
Rep. Maxine Waters (D- Westchester), who is facing ethics charges stemming from her alleged involvement with a community bank, still retains popularity among many of her constituents, including those in Westchester and Playa del Rey.
by Joseph Pimentel
California Assemblymember Ted Lieu (D-CA) and Congresswoman Maxine Waters (D-CA) are seeking a moratorium on foreclosures from banks while also calling on state and federal regulators to investigate them for possible illegal and improper actions.
Recently, banks like Ally Financial's GMAC mort-gage unit and JP Morgan Chase's mortgage unit both revealed that employees had signed and fi led thousands of affi davits in order to foreclose on properties without giving them appropriate review.
by John Taylor, President and CEO of the National Community Reinvestment Coalition
If Washington is serious about addressing job creation, the White House and Congress should support the expansion of a 33-year-old law, the Community Reinvestment Act (CRA), legislation that has invested over a trillion dollars into our economy during the past decade.
And, they don't have to spend a dime of taxpayer money.