[Congressional Record (Bound Edition), Volume 155 (2009), Part 9]
[House]
[Page 11951]
[From the U.S. Government Publishing Office, www.gpo.gov]




       SUPPORT THE MORTGAGE REFORM AND ANTI-PREDATORY LENDING ACT

  (Mr. WILSON of Ohio asked and was given permission to address the 
House for 1 minute.)
  Mr. WILSON of Ohio. Madam Speaker, I rise today in support of H.R. 
1728, the Mortgage Reform and Anti-Predatory Lending Act.
  My State of Ohio is one of the hardest hit States by foreclosures, so 
I know how important it is for us to pass this bill. Ohio is projected 
to lose 87,000 homes to foreclosure just this year. That means that 
more than 291,000 homes over the next 4 years will be lost. Ohio's 
economy will be affected by over $10.7 billion.
  H.R. 1728 will help Ohio and America begin to heal. This legislation 
has been a long time coming. The bill will provide much-needed relief 
to hardworking families. It will stop bad subprime loans from being 
made in the first place by making sure that consumers get mortgages 
that they can repay. It will strengthen consumer protection against 
reckless and abusive lending practices.
  I would like to thank Congressmen Frank and Kanjorski and also 
Congresswoman Waters for their hard work and perseverance on this 
issue.

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