September 12, 2007
Dodd, Bond Secure Senate Approval for Funding to Help American Homeowners Struggling with ForeclosureWashington, D.C. – Senator Chris Dodd, D-Conn., Chairman of the Senate Banking Committee, and Senator Kit Bond, R-Mo., successfully won Senate approval for a measure to help provide $100 million to help homeowners facing foreclosure to remain in their homes.
“Homeowners are being battered by the rising tide of foreclosures,” said Dodd. “This measure can act as a lifeline to help keep them in their homes.”
“Across the country too many families are facing the nightmare threat of foreclosure,” said Bond. “This is a good step forward to help stem the tide of foreclosures without bailing out risky lenders and speculators from the market.”
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