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Congressional committee to review local foreclosure crisis

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Posted: Thursday, September 4, 2008 10:00 pm

A House committee will come to Stockton on Saturday to conduct a formal hearing on the nation's foreclosure crisis and what can be done about it.

The House Committee on Financial Services, chaired by Rep. Barney Frank, D-Massachusetts, will convene at noon at Stockton Arena to examine the effects the foreclosure crisis in the Central Valley. The field hearing will focus on federal, state and local efforts to address foreclosure rates in the Central Valley.

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