Frank Lauds Senate Approval of Housing Legislation

Washington, DC - House Financial Services Committee Chairman Barney Frank (D-MA) released the following statement today following the Senate approval of H.R. 3221, the Housing and Economic Recovery Act of 2008:

            “I congratulate Senators Dodd and Shelby for their work, and for getting this important piece of legislation through the Senate.  I know this was not easy.  We are now all going to work together with the Administration to see that this is implemented as rapidly as possible.  And I want to urge the servicers now that this is about to become law to show some forbearance for troubled borrowers who may qualify for the program.”