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White House never recognizes the Valley’s pain
Our current Congressional representatives have applied the pressure. A number stepped up the pressure on Obama after his speech, asking him to act "immediately and aggressively" on the foreclosure crisis.
"Every week when I go home, I hear from people in my district who are struggling with an underwater loan or being foreclosed upon," said Rep. Jerry McNerney, D-Pleasanton, in a statement. "To get our economy moving, we must have a real action plan to end the housing logjam and keep people in their homes.
Get moving, lawmakers urge Obama
"Every week when I go home, I hear from people in my district who are struggling with an underwater loan or being foreclosed upon," McNerney said.
He urged:
» A requirement that homeowners have one point of contact at their lending institution.
» Creation of a "real" plan for reducing the principal owed on underwater homes.
» Speeding up the short-sale process, so that homeowners get a yes-or-no answer in a reasonable time frame.
California congressmen demand action from Obama on housing market collapse
“To bolster our state’s economy, we need to take the necessary steps to keep people in their homes. My colleagues and I are calling for commonsense measures to help folks in danger of foreclosure,” says Rep. Jerry McNerney, D-Pleasanton whose district includes much of Stockton and San Joaquin County, where the mortgage meltdown has been especially severe..
“In my area, most significantly in Stockton, there is a disturbingly high foreclosure rate. We must take steps to help families find responsible and manageable solutions to stay in their homes. This will help our entire community to survive in today’s economy,” says Mr. McNerney.
Rep. McNerney Releases Statement about SOPA
“Freedom of speech is one of the rights we cherish the most in the United States. Any law that would threaten that fundamental right is flawed and must not be allowed to move forward.
“Our economic power has always been based on innovation and the free flow of ideas. The thinkers and creators in our country have always showed remarkable ingenuity, and stopping the stream of information on the Internet would put the United States at an international disadvantage.







