Durbin Discusses Next Steps to Address Foreclosure Crisis
September 3, 2009 Posted by Illinois RealEstateRama
CHICAGO, IL - September 3, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL) today met with members of the Southwest Organizing Project (SWOP) to discuss the state of the foreclosure crisis on Chicago’s southwest side and to discuss a several legislative proposals he is considering introducing in the Senate this fall. One proposal would give homeowners facing foreclosure the right to temporarily remain in their homes by paying fair-market rent to the bank, another would provide funding to support mandatory arbitration programs in which homeowners and banks sit down face to face to work out loan modifications, and a third would extend the tax credit for first time home buyers enacted earlier this year to further reduce excess housing inventory that is dragging down sale prices.
Mayor Daley, U.S. Senator Dick Durbin Announce $12.3 Million for O’Hare Runway Work
March 31, 2009 Posted by Illinois RealEstateRama
Chicago, IL - March 31, 2009 - (RealEstateRama) — Chicago will receive $12,262,589 from the competitive grant portion of the federal economic stimulus program to improve a runway and taxiway at O’Hare International Airport, Mayor Richard M. Daley and U.S. Senator Dick Durbin said today.
Durbin Discusses Foreclosure Crisis, Mortgage Bankruptcy Reform with Housing Secretary Nominee
January 15, 2009 Posted by Illinois RealEstateRama
WASHINGTON, D.C. - January 15, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL) met with Shaun Donovan, President-elect Barack Obama’s nominee to head the Department of Housing and Urban Development (HUD), today, where he discussed the foreclosure crisis with the nominee and confirmed Donovan’s support of Durbin’s Helping Families Save Their Homes in Bankruptcy Act, a bill that will allow homeowners at risk of foreclosure to alter the terms of their mortgages in bankruptcy
Durbin Introduces Bill to Stem Record Foreclosures
January 9, 2009 Posted by Illinois RealEstateRama
WASHINGTON, D.C. - January 09, 2009 - (RealEstateRama) — U.S. Senator Dick Durbin (D-IL) today introduced the Helping Families Save Their Homes in Bankruptcy Act, announcing that its passage is a top priority this year. Durbin’s bill could help millions of at-risk homeowners prevent foreclosures by allowing them to modify the terms of their mortgages in bankruptcy proceedings.
