Monday, January 7, 2013
The Minneapolis-area congressman also joined a bus tour calling for foreclosure fairness.
Friday, Minority Whip Rep. Steny Hoyer (D-MD) kicked off the start of the 113th Congress by announcing Rep. Keith Ellison's (D-MN) appointment to a deputy leadership position in the Democratic caucus. As a newly minted Chief Deputy Whip, Ellison joins 9 other leading congressmembers in being the eyes, ears, and hands of Hoyer and Minority Leader Nancy Pelosi (D-CA). “I am excited to work with Whip Hoyer and the rest of the Whip team to continue the fight for good jobs for working families," Ellison said in a written statement. "It is more important than ever that we work together to protect the benefits middle class families rely on.” Whips are typically charged with keeping party members onside and enforcing discipline during contentious …
Wednesday, March 14, 2012
The legislators will introduce legislation to expand refinancing options for homeowners, prevent needless foreclosures and ensure greater transparency from lending institutions.
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Wednesday, March 14, 2012
(The following news release comes from the office of Sen. Ron Latz (DFL-District 44)—who represents Hopkins, St. Louis Park and Golden Valley.) Sen. Ron Latz (DFL-St. Louis Park), Sen. Scott Dibble (DFL-Minneapolis) and Sen. Katie Sieben (DFL-Cottage Grove) on Thursday will introduce legislation to assist responsible homeowners feeling the negative effects of the national mortgage crisis. The package of bills, called the “Supporting Responsible Homeowners and Stabilizing Neighborhoods Act”, was introduced in the House on Monday. Sen. Latz will introduce the overarching legislation to expand refinancing options for homeowners, prevent needless foreclosures and ensure greater transparency from lending institutions. Senators Dibble and …
Monday, February 20, 2012
The congressman said courts should be allowed to force banks to reduce the principal on home loans.
Speaking with KSTP-TV, Rep. Keith Ellison (DFL-Minnesota) said he thinks a law should be passed that would allow courts to force banks to reduce the principal on home loans. "In fairness to some of the banks," he told KSTP, "many of them have re-modified loans and work with people. I don't want to paint too broad of a brush because there have been some good actors in the financial community. But there have been some horrible actors too. And far too many. And the bad ones are not making up for the good ones." Ellison's interview with the TV station was part of a larger story about foreclosure rates by zip code in Minnesota. The 55411 zip code in Minneapolis—which is where Ellison lives—had the most foreclosures in the state since 2006, KSTP…
Mike McLean
8:16 am on Wednesday, February 22, 2012
If I buy a stock and decide to sell and the stock is worth less than what I paid, is the Stock Exchange supposed to pay me the difference?? No! A house is not a guaranteed investment. It is a place to live. What ever happened to personal responsibility???? You sign a contract, you live with it. The government should be guaranteeing equal opportunities, not equal outcomes!! more ›