|Mortgage Reform and Predatory Lending; GI Bill for the 21st Century; Teacher Appreciation - May 8, 2009|
Thank you for reading another edition of my e-newsletter, the Carson Courier.
In this week’s
Protecting Homeowners Against Predatory Lending
GI Bill for the 21st Century Eligibility
PROTECTING HOMEOWNERS AGAINST PREDATORY LENDING
Last year, over 10,000 households fell into foreclosure across
Since this housing crisis began, irresponsible lenders have taken advantage of Americans who only hope to fulfill the dream of homeownership. Earlier this week I voted to put a stop to these deceitful practices, joining my House colleagues in successfully passing the Mortgage Reform and Anti-Predatory Lending Act. This bill protects millions of prospective homeowners by finally obligating mortgage lenders to follow a common sense lending standard—that borrowers are only sold loans they can repay.
In response to appeals from local residents at a recent town hall meeting, I was pleased to successfully introduce an amendment to this bill that protects at-risk homeowners against the rise in misleading advertisements and door-to-door solicitations from dishonest foreclosure rescue schemes. With this amendment, thousands of local residents will soon be provided with the resources necessary to better understand and avoid these schemes and pursue foreclosure assistance from qualified federal counseling services.
Once it is passed by the Senate and signed into law, I believe the consumer protections and educational outreach laid out in this bill will provide critical protections to millions of American homeowners. I look forward to working with residents and community leaders to put this bill into action, lifting up our neighborhoods, stabilizing our housing market and maintaining the dream of homeownership for thousands of Hoosier families.
GI BILL ELIGIBILITY
In the 110th Congress, I voted to pass the GI Bill for the 21st Century, which restored the promise of a full, four-year college education for all veterans of the wars in
This long overdue legislation provides up to four years of higher education benefits for any college or university across the
Last week, as our nation prepared to recognize National Teacher Appreciation Week, the Indiana State Teachers Association and Horace Mann awarded Gail Schwoebel the 2009 Hoosier Educator of the Year Award. Schwoebel is a physics teacher and planetarium director at
On my regular visits to
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