Democrats Offer Long-Term Solutions to Address Housing Crisis, Strengthen the Economy

Stabilizing the housing market is critical to restoring our economy. This week, the House will consider two new bills that address the most egregious practices at the heart of the subprime lending meltdown – predatory lending and mortgage fraud. These bills are an essential next step in a sustained effort by President Obama and the Democratic Congress to strengthen the housing market and help prevent the worst consequences of this crisis from having a more devastating impact on communities and the economy.