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House Proceeding 12-10-09 on Dec 10th, 2009 :: 2:42:10 to 2:44:25
Total video length: 3 hours 30 minutes Stream Tools: Stream Overview | Edit Time

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Doris O. Matsui

2:42:00 to 2:42:20( Edit History Discussion )

Doris O. Matsui: for what purpose gentlewoman from california rise? ms. matsui: i have an amendment at the desk. the chai designate the amendment. the clerk: amendment number 10 printed in house report 111-370 offered by ms. matsui of california. the speaker pro tempore: the chair: the gentlewoman from california, ms. matsui and a

Doris O. Matsui

2:42:10 to 2:44:25( Edit History Discussion )
Speech By: Doris O. Matsui

Doris O. Matsui

2:42:21 to 2:42:41( Edit History Discussion )

Doris O. Matsui: member opposed each will control five minutes. the chair recognizes the the ge ms. matsui: i yield myself such time as i may consume. i rise today to offer an amendment along with representative castor and betty sutton that calls on the mortgage industry to put

Doris O. Matsui

2:42:42 to 2:43:02( Edit History Discussion )

Doris O. Matsui: responsible homeowners into more affor after more than two years since the beginng of the foreclosure crisis much needs to be done. leading economists expect another uptick in foreclosures where five million could face foreclosure over the next two

Doris O. Matsui

2:43:03 to 2:43:24( Edit History Discussion )

Doris O. Matsui: years. my home district of sacramento has been devastated by this cris. i have been to foreclosure workshops over and over again. i have seen the hardships and looks of desperation. the making home housing will help them modify their loans. it is expected to help nearly

Doris O. Matsui

2:43:25 to 2:43:47( Edit History Discussion )

Doris O. Matsui: four million homeowners. but unfortunately to date, the mortgage industry has yet to demonstrate its commitment to help homeowners. in fact, since the inception of the program nearly one year ago, the mortgage industry has placed only 31,000 homeowners into a permanent, affordable loan modification. no one here is looking for a

Doris O. Matsui

2:43:48 to 2:44:08( Edit History Discussion )

Doris O. Matsui: bailout but families need honest assistance. the amendment that we are offering today require mortgage industry participants and making home affordable program to report basic information on a monthly basis. under the amendment, mortgage industry participants would have to report the number of loan modification requests

Doris O. Matsui

2:44:09 to 2:44:25( Edit History Discussion )

Doris O. Matsui: rereceived, the number being processed, the number that had been approved and the number that had been denied. it would also make that information available to the public to the treasury department's website. madam chair, it is clear that greater transparency is needed

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