[Congressional Record (Bound Edition), Volume 154 (2008), Part 5]
[House]
[Page 7284]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1230
                            MORTGAGE CRISIS

  (Mr. CARSON of Indiana asked and was given permission to address the 
House for 1 minute.)
  Mr. CARSON of Indiana. Mr. Speaker, I rise today to bring attention 
to an issue of great concern to the people of my district. When I was 
home in Indianapolis this weekend I heard from countless homeowners who 
are concerned about losing their homes and the mortgage crisis. These 
are good, hardworking people, not speculators or investors, who find 
themselves on the brink of foreclosure. And the Hoosiers I met aren't 
alone. Some estimate that nearly 50,000 homes in Indiana will be lost 
to this crisis if we fail to act.
  Indiana families are counting on Congress, and we are taking action. 
I am proud to serve on the Financial Services Committee, where we are 
continuing to work on a plan that will provide real relief to 
homeowners who are struggling. Our plan will help ease the mortgage 
crisis and help more homeowners stay in their homes.
  And I am proud that the legislation includes an amendment I have 
offered to ensure organizations that serve minority communities have 
the resources they need to counsel and support homeowners in trouble. 
Many of these communities have been hit especially hard by this crisis, 
and it's essential that organizations who serve these neighborhoods can 
step in and help prevent more foreclosures.
  Mr. Speaker, the economic downturn is taking its toll on families in 
Indianapolis, and we know we can't get our economy back on track unless 
we address the housing crisis. It is my sincere hope that Members on 
both sides of the aisle and the President will work together to ensure 
homeowners stay in their homes and end this crisis.

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