Senator Robert Menendez Reacts To Treasury Secretary Paulson's Remarks On Mortgage Crisis
October 16, 2007 -- WASHINGTON – Treasury Secretary Henry Paulson today spoke about the nationwide mortgage crisis in a speech at Georgetown University, outlining the issues and the administration’s response. U.S. Senator Robert Menendez (D-NJ), a member of the Senate Banking Committee, released the following statement:
“Millions of American homeowners are getting crunched by ticking-time-bomb mortgages, and they have yet to see their government take the necessary action. Secretary Paulson’s new-found openness to loan modifications is a positive step. However, it seems that every bold action this administration has taken has been to soften the blow for investors. The people who really have something to lose – the homeowners – are still struggling in this subprime storm.”
Source: Senator Robert Menendez
Scroll down for related articles:
Related articles
- 2007-10-17: Senator Robert Menendez Reacts To Treasury Secretary Paulson's Remarks On Mortgage Crisis
- 2007-12-13: Senator Menendez Targets Misleading Mortgage Ads
- 2007-09-03: Senator Menendez Statement On President Bush's Plan To Address Home Foreclosure Crisis
- 2009-06-10: Senator Jack Reed Urges HUD to Hold Loan Servicers Accountable
- 2008-04-11: Senator Durbin Statement on Passage of Housing Stimulus Package
- 2008-04-08: Statement of SEIU Secretary-Treasurer Anna Burger on the Senate’s Proposed Foreclosure Prevention Act
- 2008-04-01: Senator Menendez Statement On Paulson Financial Industry Oversight Plan
- 2008-03-19: Senator Menendez: Economy Still Needs Strong Housing Response
- 2008-03-15: Senators Feinstein and Martinez Urge Congress to Pass Bill to Create National Licensing Standards for Mortgage Brokers, Lenders
- 2008-02-07: Senators Introduce Legislation to Create Federal Registry and National Standards for Mortgage Brokers and Lenders
- 2008-01-23: Senators Kerry, Smith Request that Mortgage Relief be Included in Economic Stimulus Package
- 2007-12-17: Senator Dick Durbin: Passage Of FHA Bill Will Help Families At Risk Of Losing Homes