WASHINGTON, DC- Following the announcement by President Obama of the Homeowner Affordability and Stability Plan, U.S. Senator Bob Casey (D-PA) released the following statement:
“Foreclosures have devastated families, communities and property values for years. And foreclosures are at the root of our current economic crisis. To turn around the economy we need to get at the root causes of the crisis and fix the fundamentals. President Obama’s plan to address the foreclosure crisis along with other efforts to stimulate the economy will go a long way to getting us back on track.
“President Obama’s announcement today shows the leadership we have been missing on foreclosures. I and others in Congress have been working for two years to help families keep their homes and to stave off the negative impact that foreclosures can have on neighborhoods. Unfortunately, while we made advances on counseling and local mitigation efforts, progress over the past two years has been hard to come by without presidential leadership.
“I look forward to working with the Administration to help keep Americans in their homes and to make sure that Pennsylvania homeowners receive the maximum help possible.”
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