Rep. Marcy Kaptur (D-OH) Urges Homeowners to Stay in Foreclosed Homes

February 03, 2009
Rep. Marcy Kaptur (D-OH) Urges Homeowners to Stay in Foreclosed Homes
After an $850 billion bailout for Wall Street and another $25 billion for the auto industry, struggling homeowners still await large-scale government assistance. The Obama administration says its working out the details of its plan to stem foreclosures. In the absence of government action so far, some are taking action on the local level. In Michigan, Wayne County Sheriff Warren Evans announced Monday he wont enforce sales of foreclosed homes. And in Ohio, Rep. Marcy Kaptur is encouraging homeowners facing foreclosures to stay in their homes. Meanwhile, the government-backed mortgage giant Fannie Mae has agreed to restructure mortgages after a campaign led by one of its biggest critics, the Neighborhood Assistance Corporation of America.