Video archive of the US Congress

Senate Proceeding on Mar 12th, 2008 :: 9:05:44 to 9:07:16
Total video length: 9 hours 29 minutes Stream Tools: Stream Overview | Edit Time

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Judd Gregg

9:04:17 to 9:05:44( Edit History Discussion )
Speech By: Judd Gregg

Judd Gregg

9:05:34 to 9:05:44( Edit History Discussion )

Judd Gregg: homeowners. it is a stark, even alarming alarming in certain respects respects. foreclosures, mr. president, have hit all-time records according to the mortgage bankers associa tion. this data shows

Bob Corker

9:05:44 to 9:05:55( Edit History Discussion )

Bob Corker: that more than one in every 50 homes with a mortgage in this country is in foreclosure, as of the end of last year. foreclosure rates have been growing at record levels for sometime. foreclosures are

Bob Corker

9:05:44 to 9:07:16( Edit History Discussion )
Speech By: Bob Corker

Bob Corker

9:05:55 to 9:06:08( Edit History Discussion )

Bob Corker: increasin because people are continuing to struggle to make their payments and because these payments are increasing for millions of americans. the report tells us that one in every 13 homeowners

Bob Corker

9:06:08 to 9:06:24( Edit History Discussion )

Bob Corker: with a mortgage has fallen behind on their mortgage. the federal reserve also release released new data which shows that americans' equity in their homes sat a record low. home equity has has fallen

Bob Corker

9:06:24 to 9:06:36( Edit History Discussion )

Bob Corker: for three straight quarters now, for the first time in recorded history which dates back to the end of world war ii. americans own less than 50% of the value of their home. by virginia virtually

Bob Corker

9:06:36 to 9:06:46( Edit History Discussion )

Bob Corker: all estimates, the housing problem problem is getting worse and worse and w orse, not better. congress can, in my opinion, and must address the situation. there are several pieces of legislation that

Bob Corker

9:06:46 to 9:07:01( Edit History Discussion )

Bob Corker: i along with others am working to do just that, mr. president. along with the ranking member, senator shelby and our colleagues on the house of representatives on legislation to reform the federal housing

Bob Corker

9:07:01 to 9:07:16( Edit History Discussion )

Bob Corker: administration. i remain committed to creating a world-class regulator of the g. g.s.e.'s. i also believe we need to expand the community development block grant to enable cities and localities with the

Kent Conrad

9:07:16 to 9:07:24( Edit History Discussion )

Kent Conrad: tools and funding they'll need address a the foreclosure crisis. which is upon them every single day. i've worked with senator shiewrnlg the presiding officer, senator bond and others to make sure high-quality

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