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Congressmen Steve Cohen (TN-09) and Jim McDermott (WA-07) today introduced the Limiting Investor and Homeowner Loss in Foreclosure Act of 2014 to prevent foreclosures and help struggling families keep their homes. The newly-introduced legislation would encourage debtors and secured lenders to come together to discuss and secure mutually beneficial resolutions of their mortgage difficulties.

NASHVILLE, TN - June 25, 2013 - (RealEstateRama) -- The U.S. Department of Housing and Urban Development (HUD) announced last Tuesday they will provide $40 million in additional funding to housing counseling agencies across the country. The HUD grants ensure housing counselors are available to help individuals and families make informed housing decisions through prepurchase and foreclosure counseling.

WASHINGTON, DC - May 11, 2011 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to the State of Tennessee and provide support to homeowners and low-income renters forced from their homes following severe storms, tornadoes, and straight-line winds last month.

WASHINGTON, D.C. - September 8, 2010 - (RealEstateRama) -- Congressman Steve Cohen (TN-9) today announced the U.S. Department of Housing and Urban Development has awarded Memphis $5,195,847 under the Neighborhood Stabilization Program (NSP) to address the effects of abandoned and foreclosed housing.

Washington, DC - July 9, 2009 - (RealEstateRama) – Congressman Steve Cohen (TN-9), Chairman of the Subcommittee on Commercial and Administrative Law (CAL), today held a hearing on the Obama Administration’s plan to help homeowners on the brink of foreclosure. The President’s plan allows struggling homeowners to voluntarily modify their mortgage payment.

Washington, DC - May 20, 2009 - (RealEstateRama) — Late this afternoon, Congressman Steve Cohen (TN-09) participated in a White House ceremony with President Obama that enacted S. 896, The Helping Families Save Their Homes Act. The new law is aimed at helping homeowners and renters in the grips of the foreclosure crisis.

WASHINGTON, DC - May 18, 2009 - (RealEstateRama) — U.S. Housing and Urban Development Secretary Shaun Donovan today announced HUD will speed federal disaster assistance to four storm-ravaged counties in Tennessee and provide support to homeowners and low-income renters forced from their homes following last month's severe storms, tornadoes, and flooding.

WASHINGTON, DC - May 13, 2009 - (RealEstateRama) — Congressman Phil Roe (TN-1) continues to fight for fundamental reform and accountability in many ways, including reform of organizations such as Freddie Mac and Fannie Mae. However, HR 1728 makes no mention of these entities, it encourages excessive litigation for foreclosure related issues and it simply slows down the housing recovery process by undermining current efforts that are already underway.

WASHINGTON - May 5, 2009 - (RealEstateRama) — U.S. Senator Bob Corker, R-Tenn., a member of the Senate Banking, Housing and Urban Affairs Committee, today offered an amendment (#1019) to the housing bill (S. 896) to ensure servicers consider all options available to homeowners, not just modification or foreclosure.

Washington, DC - 08 May 2008 - Congressman Steve Cohen (TN-09) today responded to the housing crisis that has been one of the root...