Rep. Jerry McNerney, D-Pleasanton, and several of his colleagues from California called on President Barack Obama to act immediately and aggressively to address the foreclosure crisis.
California has been disproportionately affected by the foreclosure crisis, especially in San Joaquin County, McNerney said in a news release.
“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. “To get our economy moving, we must have a real action plan to end the housing logjam and keep people in their homes.”
McNerney and other members of Congress called on the president to require that there be one point of contact for homeowners to talk to at their lending institution and create a plan to reduce the principal owed for homes facing foreclosure.
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