|Bay Citizen - Bay Area Politicos: Bank Settlement Falls Short|
|Monday, 23 January 2012 00:00|
Rep. Eshoo recently spoke with Aaron Glantz, reporter for the Bay Citizen, about her efforts to help underwater homeowners and those foreclosed upon. Eshoo, along with the entire California Democratic Delegation, recently released their plan to address the housing and foreclosure crisis which the Obama administration has failed to address. Additionally, they have called for a meeting with the President on this important issue, and for Obama to appoint a permanent head to the Federal Housing Finance Agency (FHFA). An excerpt from the article is below:
In an interview, Eshoo said she believed senior officials in the administration did not take the crisis seriously. She complained that earlier meetings with Donovan, Treasury Secretary Timothy Geithner, and Edward DeMarco, the acting director of the Federal Housing Finance Agency, which regulates Fannie Mae and Freddie Mac, had been "extremely frustrating."
On Oct. 6, Eshoo said, four House members from Northern California — Eshoo, Miller, and Reps. Mike Thompson (D-Napa) and Doris Matsui (D-Sacramento), met with DeMarco to urge him to do more to help struggling homeowners. They asked the chief of the finance agency if he had "ever met with a any family that has undergone a foreclosure."
Eshoo said DeMarco said he had not.
"They just don't get it," Eshoo said.
Eshoo said she hadn't heard back about the proposed meeting with Obama. White House spokeswoman Amy Brundage refused to comment on the demand, but she said the President remains committed to solving the housing crisis.
"From day one the President has worked to stabilize the housing market and help responsible homeowners stay in their homes, including through refinancing efforts, foreclosure prevention programs and programs directed at the hardest hit states," she said. "The President will continue to expand on these efforts and look at new ways to help homeowners."
To read the full article, please click here.
|Thomas Bill Search|