comscore Sen. Akaka joins group seeking foreclosure changes | Honolulu Star-Advertiser
Top News

Sen. Akaka joins group seeking foreclosure changes

[ AD HAS BEEN REMOVED FROM THIS STORY ]

U.S. Sen. Daniel Akaka is signing on to a bipartisan letter asking federal government officials to do more to prevent foreclosures.

Akaka, a Democrat representing Hawaii, and the other senators are advocating for national regulatory standards that would decrease foreclosures, stabilize the housing market and create jobs.

The letter was sent Thursday to the heads of the Treasury, Department of Housing and Urban Development, Federal Reserve, Securities and Exchange Commission, the Federal Housing Finance Agency and the attorney general.

The senators said in their letter that the government should establish clear national standards to eliminate confusion and barriers to mortgage modification.

They said such changes would help keep families in their homes.

 

Click here to see our full coverage of the coronavirus outbreak. Submit your coronavirus news tip.

Be the first to know
Get web push notifications from Star-Advertiser when the next breaking story happens — it's FREE! You just need a supported web browser.
Subscribe for this feature
Comments have been disabled for this story...

Scroll Up