Titus Statement on President Obama's Housing Plan

Statement

Titus Statement on President Obama's Housing Plan

Congresswoman Dina Titus of Nevada's Third District released the following statement today on President Obama's new housing plan, the "Making Home Affordable" program.

"As Nevada continues to lead the nation in the foreclosure rate, President Obama's new housing initiative will provide welcome assistance to responsible homeowners who followed the rules yet still face foreclosure. While this program will not bring an end to the housing crisis or help every homeowner, it is a step in the right direction that will help millions of families stay in their homes. Until we fully address the foreclosure crisis that has gripped Nevada and our nation, we will not be able to pull out of this recession and restore our economic security.

"With Nevada's unemployment rate at a 25-year high, responsible homeowners who have lost their job or seen their hours cut back are struggling to pay for mortgages on homes that in many cases cost more than their value. The Making Home Affordable program will help families stay in their home by modifying their loans or refinancing.

"I encourage any homeowner who is struggling to keep up with their payments to contact their mortgage servicer to see if they qualify for the program."

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