[Congressional Record (Bound Edition), Volume 155 (2009), Part 5]
[House]
[Page 6370]
[From the U.S. Government Publishing Office, www.gpo.gov]




                              {time}  1300
         VOTE ``YES'' ON HELPING FAMILIES SAVE THEIR HOMES ACT

  (Mrs. MALONEY asked and was given permission to address the House for 
1 minute.)
  Mrs. MALONEY. Mr. Speaker, there is unusually broad agreement on the 
fact that to stop the downward spiral of this economy, we have to act 
on several fronts at once in a forceful and coordinated manner.
  We have addressed the need for job creation and tax relief with the 
economic recovery bill. We are addressing the banking crisis and credit 
freeze with the second round of TARP funds and the launching of the 
TALF program. Now we have the chance to take action on a critically 
important front, stabilizing housing prices. All across the country, 
neighborhoods are struggling as each foreclosed home reduces the value 
of nearby properties.
  The Helping Families Save Their Homes Act will give more tools to 
homeowners to stay in their homes and allow judicial modifications of 
home mortgages. It helps families facing foreclosure stay in their 
homes, thus stabilizing lives, home prices, neighborhoods and restoring 
confidence in the economy.
  I am confident that a ``yes'' vote on this bill is in the best 
interests of our American economy.

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