Rep. 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. Bill Silverfarb, a staff writer for the San Mateo Daily Journal, covered her actions. An excerpt of the article is below:

U.S. Rep. Anna Eshoo heaped criticism on President Barack Obama and his administration this week for failing to address the "catastrophic" wave of home foreclosures across the country and is pressuring the White House to adopt effective policies to turn the housing crisis around.

Eshoo's office wants to see Obama get a little more aggressive in tackling the issue.

Numbers released yesterday suggest the crisis may worsen as real estate information service DataQuick reported that banks sent nearly 26 percent more default notices to California homeowners in the third quarter compared to the previous three months.

To combat the problem and keep people from losing their homes to foreclosure, Eshoo, D-Palo Alto, and other California Democrats in Congress, including U.S. Rep. Jackie Speier, D-San Mateo, are urging the Obama administration to institute a "Homeowner's Bill Of Rights" and to establish a plan to refinance all mortgages owned or guaranteed by Fannie Mae and Freddie Mac.

The Homeowners Bill of Rights would affect federal programs including the Federal Housing Administration and Home Affordable Modification Program.

Eshoo and the rest of the California democratic delegation ... is calling for a principal reduction plan that would allow a restructuring in Chapter 13 bankruptcy of certain underwater mortgages.

Eshoo, along with U.S. representatives Mike Thompson, D-St. Helena, Doris Matsui, D-Sacramento, and George Miller, D-Martinez, met with Edward DeMarco, acting director of the Federal Housing Finance Agency, last week to discuss the crisis in a meeting that Eshoo could only characterize as "disappointing."

DeMarco provided the delegation with "few answers and fewer solutions. My constituents deserve so much better than this," Eshoo wrote in a prepared statement following the meeting.

Eshoo's office wants to see Obama use his executive power coupled with legislation to tackle the issue more aggressively as Republicans in Congress have stood in opposition to virtually everything the White House has tried to accomplish in recent months.

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