Know Your Rights

Friday, May 8, 2009

Loan Industry Wins, Homeowners Lose.

The Senate recently defeated, with the help of Sen. Landrieu, an amendment to a bankruptcy reform bill that would allow homeowners to negotiate for lower mortgages, thus keeping more families in their homes. Allowing these homes to get foreclosed will damage the value of neighborhoods and put many hardworking families on the streets. But should I have expected differently from a senator who received $2,000,000 in contributions to her campaign from the banking and real estate industry?

Call Sen. Landrieu's office and let her know that you are disappointed with her vote against the amendment.

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