[Congressional Record Volume 155, Number 67 (Monday, May 4, 2009)]
[House]
[Page H5069]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                        SUPPORT MORTGAGE REFORM

  (Mr. BACA asked and was given permission to address the House for 1 
minute.)
  Mr. BACA. Mr. Speaker, I stand in support of H.R. 1728, the Mortgage 
Reform and Anti-Predatory Lending Act.
  This bill will ensure that mortgage lenders make loans that benefit 
consumers and prohibit them from steering the borrowers into high cost 
loans, and we know what an impact it has had on our Nation and many 
individuals who have lost their homes. In addition, this bill 
encourages the market to move back towards making fixed-rate, fully 
documented loans.
  This legislation also prevents predatory and abusive lending 
practices, holds creditors responsible for loans they originated and 
protects tenants who rent homes that go into foreclosure.
  I ask you to support this legislation on behalf of those that are 
right now on the verge of losing their homes and protect those tenants.

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