[Congressional Record (Bound Edition), Volume 157 (2011), Part 10]
[House]
[Page 14832]
[From the U.S. Government Publishing Office, www.gpo.gov]




                           THE HOUSING CRISIS

  (Mrs. DAVIS of California asked and was given permission to address 
the House for 1 minute and to revise and extend her remarks.)
  Mrs. DAVIS of California. Mr. Speaker, my staff have spent countless 
hours fighting off wrongful foreclosures. A number of my constituents 
have submitted the same paperwork to banks five different times and had 
their short sales denied three times. Other constituents were given 24 
hours to return a package of 60 documents to a bank that has had those 
documents for 6 months already.
  Mr. Speaker, this is just not acceptable. An important step to fixing 
this economy is to solve this housing crisis. People cannot spend if 
they are living under the crushing weight of a mortgage payment worth 
more than their home.
  Three years ago the average consumer spent $100 a day. Now the 
average consumer spends about $68 a day. We need programs to help the 
14 million people whose homes are underwater.
  I ask the majority, what have you done today to help the middle class 
afford to keep a roof over their heads?

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