Las Vegas Sun: Titus Pushes for Equity Changes Under Obama Housing Plan"'Many people who purchased a home in the last few years have found that, due to no fault of their own, they are in negative equity,' Titus wrote. 'They do not want to walk away from their mortgages but have serious concerns about the actual value of their homes. 'By enabling more families to refinance their current mortgage, we will not only allow them to stay in their homes, we will take an important step toward ending the current housing crisis,' she wrote."
HUD Secretary Donovan Announces Expanded Eligibility for Making Home Affordable Refinancing"I am pleased to welcome Secretary Donovan to Las Vegas and thank him for coming. This is an opportunity to show him firsthand the magnitude of the foreclosure crisis in Southern Nevada. His announcement that the Making Home Affordable program will be expanded to help those further underwater, something I have advocated for, is welcome news that will help thousands of Nevadans stay in their home."
Titus Urges Geithner to Expand Housing Programs to Help Those in Hardest Hit Areas"By enabling more families to refinance their current mortgage, we will not only allow them to stay in their homes, we will take an important step toward ending the current housing crisis. I respectfully request that you work to raise this threshold as quickly as possible."
Las Vegas Sun: Titus Urges Loosening of Rules for Housing Aid"'Every day, my offices receive phone calls from individuals who want to refinance,' Titus said in a letter to the Federal Housing Finance Agency. 'By enabling more families to refinance their current mortgage, we will not only allow them to stay in their homes, we will take an important step toward ending the current housing crisis. This change is of urgent need and should be made as soon as possible,' Titus wrote."
Titus Calls for More Assistance for Homeowners Under Water"Every day, my offices receive phone calls from individuals who want to refinance as part of 'Making Home Affordable,' but their LTV is greater than 105%, therefore prohibiting them from participating in the program. Increasing this threshold would offer assistance to countless families in my district and across the country who are looking for help to stay in their homes."
Congresswoman Titus Announces Housing Grants for Southern Nevada“With the announcement of these grants, Nevada will begin to see the effects of the recovery plan only weeks after its passage. This critical funding will invest in our communities while creating much-needed jobs as we work to turn our economy around.”
Titus Statement on President Obama’s Housing Plan"As Nevada continues to lead the nation in the foreclosure rate, President Obama’s new housing initiative will provide welcome assistance to responsible homeowners who followed the rules yet still face foreclosure. While this program will not bring an end to the housing crisis or help every homeowner, it is a step in the right direction that will help millions of families stay in their homes."
Titus Floor Statement on Amendment to Housing Bill"Foreclosure prevention, I believe, is a critical piece of any strategy to get us back on track. I strongly believe that aggressive outreach to borrowers can help prevent unnecessary foreclosures – and that is exactly what my amendment seeks to address."
Las Vegas Sun: Titus: Bailout Should Help Underwater Homeowners"As banks begin to repay (or give back) their bailout money, Democratic Rep. Dina Titus wants the windfall to be used to help underwater homeowners in Southern Nevada. Titus wrote a letter today to Treasury Secretary Timothy Geithner requesting that funds from the $700 billion Trouble Asset Relief Program approved by Congress last fall go toward creating a new program to help homeowners who owe more than their homes are worth."
Titus Amendment to Mortgage Reform and Anti-Predatory Lending ActCongresswoman Dina Titus of Nevada’s Third District offered an amendment with Congressman Dennis Cardoza of California to H.R. 1728, the Mortgage Reform and Anti-Predatory Lending Act. The amendment increases transparency and aims to reduce future foreclosures by requiring that consumers receive side-by-side information on the costs and benefits of different mortgage options.
Titus Offers Amendment to Increase Transparency in Home Loans“This amendment would add further transparency to the process of securing a residential mortgage loan and ensure that information is presented to consumers in a way that will give them the ability to easily and clearly compare all of the options that are available to them."
Titus Supports Commission to Examine Causes of Financial Crisis“With more than 60 percent of Nevada homes underwater, it is critical that we understand what caused a crisis of such magnitude and how we can prevent a similar crisis from happening in the future. We must restore accountability and ensure that Nevada’s families will not be left reeling again due to the irresponsible actions of Wall Street.”
Las Vegas Sun: Titus Introduces Her First Bill"For her legislative debut, Democratic Rep. Dina Titus introduced her first stand-alone bill today — legislation to help homeowners in Nevada get information about reducing mortgage costs. The bill, similar to an amendment Titus had offered earlier this year, would require mortgage service companies that receive funds from the federal program to write down loans to notify homeowners of the help available."
Las Vegas Review-Journal: First Titus Bill Offers Housing Help"Rep. Dina Titus' first bill in Congress requires mortgage lenders to notify homeowners they may qualify for federal help to avoid foreclosures. The bill introduced today requires that loan servicers that receive federal mortgage subsidies to send notices each quarter to all their customers. The mailings would notify homeowners of government programs that could help with refinancing, loan modifications and other forms of mortgage relief."
Titus and Cardoza Introduce Housing Legislation“My district in Southern Nevada has been one of the hardest hit by the foreclosure crisis. To make matters worse, too many people do not know about the resources that are available to help them keep their home. From refinancing options to loan modifications, help is out there, but it can be hard to find. This legislation will ensure that homeowners who are struggling to stay in their home get critical information about the various programs. In addition, this notification will help protect people from shameful scams by providing them with accurate and efficient information.”