FOR IMMEDIATE RELEASE
December 6, 2007
CONTACT:
Colleen Murray
EDWARDS STATEMENT ON BUSH PLAN TO EASE MORTGAGE CRISIS
Chapel Hill, North Carolina – Today, Senator John Edwards released the following statement:
“Our nation is facing a housing crisis that could cost millions of families their homes, devastate neighborhoods, and seriously damage our economy. The Bush plan is months late and more than a million families short. It helps only 12 percent of homeowners with subprime mortgages, according to Barclay’s, and fails to ensure that any loans are refinanced.
“Lenders have only helped 1 percent of borrowers so far. It won’t help to kick the problem down the road and hope they have a change of heart. Now is a time for decisive action. We need a safety net for all borrowers, not just a few, by halting foreclosures until lenders make a serious effort to offer relief to families. As a last resort, bankruptcy judges ought to be able to rewrite mortgages on family homes – like they can on vacation homes – so that families are not put on the street.
“As president, I will restore the American Dream of homeownership by standing up to the corporate interests and their lobbyists and passing strong federal laws to protect working families from predatory mortgages and abusive financial products.”
***
THE EDWARDS PLAN
Yesterday, Edwards outlined bold proposals, including a new right for every family to halt the foreclosure process until their lender offers key foreclosure prevention steps. His plan would also insist that any freeze on interest rates keep rates low for seven years so housing markets can fully recover and families have the time to escape unaffordable mortgages. Edwards also outlined other steps to address the foreclosure crisis, including creating (1) a Home Rescue Fund to help families move into affordable mortgages, (2) new rules allowing bankruptcy judges to rewrite mortgages on family homes, and (3) a central reporting system to keep track of lenders’ progress in modifying loans and to facilitate fraud and predatory lending investigations. Finally, Edwards called for passing a strong national law against predatory lending and creating a new federal regulator for financial services products to prevent future crisis.
For more information on Edwards’ plan for ending the housing crisis, please visit: http://johnedwards.com/news/press-releases/20071205-homeownership/.
-30-
Paid for by John Edwards for President.
Campaign spam: Political flotsam and jetsam that pollutes email in boxes; of varying degrees of utility, often futility. If you have campaign spam or an actual thought to share, send it to campaignspam [at] gmail.com
Thursday, December 6, 2007
EDWARDS STATEMENT ON BUSH PLAN TO EASE MORTGAGE CRISIS
Posted by
political junkie
at
8:19 AM
Labels: John Edwards for President
Labels
- Abortion (2)
- Advertisement (2)
- Agricultural Policy (1)
- Attack on Clinton (6)
- Attack on Huckabee (1)
- Attack on Obama (2)
- Attack on Romney (1)
- Biography (1)
- Campaign Finance Reform (1)
- Campaign Tactics (1)
- Christmas (2)
- DNC Research Department (13)
- Economy (4)
- Education (1)
- Endorsement (1)
- Friends of Fred (1)
- Friends of Fred Thompson (23)
- General Message (1)
- Hillary Clinton for President (8)
- Iraq (3)
- Joe Biden (22)
- John Edwards for President (35)
- John McCain 2008 (5)
- Join Rudy 2008 (10)
- Kucinich for President (9)
- Mitt Romney (12)
- Obama for America (13)
- Organization (1)
- Personal Statement (2)
- Public Oversight (1)
- Richardson for President (17)
- RNC Research Department (29)
- Tours (1)
Blog Archive
-
▼
2007
(202)
-
▼
December
(185)
- BIDEN: Biden Addresses Need For Comprehensive Poli...
- OBAMA: Obama Hosts Discussion with Independents on...
- RNC Research Dept.: RNC Response To Senator Clinto...
- THOMPSON: Fred Thompson Receives the Endorsement o...
- EDWARDS: Edwards Launches “Fighting For America’s ...
- EDWARDS: Edwards Campaign Responds To Underhanded ...
- BIDEN: Biden Campaign Asks Iowans To Choose A Pres...
- RNC Research Dept.: Clinton Campaign Apologies
- RICHARDSON: Richardson and Veterans Discuss Effect...
- RNC Research Dept.: NY TIMES: Obama's Vote in Ill...
- RNC Research Dept.: NY TIMES: In Charity and Polit...
- KUCINICH: Statement on behalf of Ohio Congressman ...
- RNC Research Dept.: RNC Response To Senator Clint...
- RNC Research Dept.: RNC Response To Obama NH Tour
- RNC Research Dept.: RNC Response To Clinton Holid...
- CLINTON: New Ad: Hillary Has a Present for You
- RICHARDSON: Richardson Statement on Death of Congr...
- OBAMA: Obama Hosts Roundtable on Reclaiming the Am...
- EDWARDS: Edwards Campaign Announces Holiday Ad Cam...
- THOMPSON: Fred Thompson Receives Endorsement of N...
- BIDEN: Biden Discusses Plan To Improve Student Per...
- THOMPSON: Yet Another Romney Flip-flop: Campaign ...
- THOMPSON: Fred Thompson Announces Statewide Leade...
- EDWARDS: On Day Two Of Graniteroots Tour, Edwards ...
- HUCKABEE: Huck's views on foreign policy are No La...
- DNC RESEARCH DEPT.: Convicted Felons For Giuliani!
- GIULIANI: Rudy Giuliani Campaign Launches New Tele...
- ROMNEY: New Ad, "Searched"
- RICHARDSON: New Richardson Ad Draws Clear Distinct...
- EDWARDS: Edwards Launches Three-Day “Fighting For ...
- RNC Research Dept.: Obama & Foreign Policy (#5 Is...
- ROMNEY: Statement: Governor Mitt Romney on Cuba
- RNC Research Dept.: RNC Response To Clinton Ad On...
- CLINTON: New Ad, Video
- BIDEN: Delaware United Auto Workers Endorse Joe Biden
- THOMPSON: Fred Thompson Receives Endorsement of M...
- OBAMA: Obama Discusses New Judgment We Need to Cha...
- DNC RESEARCH DEPT.: Not Ready For Primetime? Huc...
- BIDEN: Sen. Biden Statement On Bork’s Endorsement ...
- RNC Research Dept.: Clinton’s High-Tax Platform Mi...
- RNC Research Dept.: Senator Clinton Does 180 On NCLB
- EDWARDS: Coming January 3, 2008: Edwards Campaign ...
- RNC Research Dept.: Senator Clinton's Tax Shelter...
- RNC Research Dept.: Bob Kerrey, Hillary Clinton An...
- MCCAIN: John Mccain 2008 Launches New Hampshire In...
- RNC Research Dept.: "Leading In All The Polls" Th...
- CLINTON: New Ad
- RICHARDSON: Richardson for President Campaign Unve...
- THOMPSON: Fred Thompson Receives Endorsement of C...
- KUCINICH: Kucinich 'Peace Train' set to whistle th...
- ROMNEY: No Laughing Matter: A serious look at Gov....
- ROMNEY: Romney for President is launching its newe...
- BIDEN: Delaware Communications Workers Union Endor...
- DNC RESEARCH DEPT.: McCain Picks Up Joementum!
- THOMPSON: Statement from Fred Thompson on Endorsem...
- EDWARDS: Iowa First Lady Mari Culver Endorses John...
- MCCAIN: John McCain Launches First Radio Ad In Sou...
- MCCAIN: Statement By John McCain On Lieberman Endo...
- MCCAIN: Senator Joe Lieberman Endorses John McCain...
- BIDEN: Keokuk Mayor David Gudgel Endorses Joe Biden
- THOMPSON: Romney Fact Check on Preserving the Sanc...
- EDWARDS: Edwards Delivers Major Speech On Lifting ...
- KUCINICH: Clinton, Obama and Edwards health plans ...
- THOMPSON: Mitt Romney Has Decided To Be The Arbite...
- GIULIANI: Mayor Rudy Giuliani’s Remarks in Tampa, FL
- MCCAIN: Statement By McCain NH Vice Chair On New P...
- Biden Responds To Bush Stonewalling In Cia Tapes Case
- Edwards Campaign Unveils New “Fight” Television Ad...
- Mondale-Mentum?
- Huck's "Playground Diplomacy" is no laughing matter
- Obama Vows to Protect Children from Lead-Based Toys
- Updated: Bonnie Raitt And Jackson Browne To Join J...
- Edwards Highlights Declaration Of Independence For...
- Biden Campaign Welcomes Edwards’s Support For Spec...
- BIDEN-BROWNBACK Measure Calling for U.S. to Suppor...
- Mayor Rudy Giuliani’s Statement on the United Stat...
- Edwards Campaign Unveils New “Voice” Television Ad...
- Barack Obama Hosts Discussion on Reclaiming the Am...
- New ad going up today in IA and NH
- Edwards Unveils Young Families Rising Agenda To He...
- Nevada Plumbers & Pipefitters Union Endorses Joe B...
- DNC DAILY FLIPPER: Giuliani-Barbour = Christmas P...
- Rudy the Candidate has Rudy the Mayor to blame on ...
- Seiu Locals 1199 And 32BJ Endorse Clinton
- Fred Thompson Receives Endorsement of Wesleyan Lea...
- Excerpts From Mayor Rudy Giuliani's Remarks
- Kucinich welcomes support from Judiciary Committee...
- BIDEN Lauds Passage of Farm Bill
- This One's a Keeper
- Fred Thompson Campaign Apologies
- statement: response to Democratic presidential can...
- RNC Response To Democrat Debate
- No Laughing Matter: Mike Huckabee's record on ille...
- Richardson Releases Statement on Failure to Pass E...
- ROR IMMEDIATE RELEASE***CONTACT:Mark Paustenbachpr...
- Rudy Giuliani Campaign Launches New Television Ad ...
- Rudy Giuliani Announces Education Advisory Board
- New Ad: Dorothy Rodham Talks About Hillary’s Value...
- Fred Thompson Endorsed by Dr. Gary Cass
- NEBRASKA GOVERNOR DAVE HEINEMAN ENDORSES GOVERNOR ...
-
▼
December
(185)