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Congressman David Scott Announces Help for Homeowners Event
Jan 16, 2013 -
Congressman David Scott [GA-13], in partnership with the U.S. Departments of Treasury and Housing and Urban Development (HUD), is pleased to announce the upcoming Making Home Affordable “Help for Homeowners Event” in Atlanta on Friday, January 25, 2013. Homeowners who are struggling to make mortgage...
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Flood Insurance is Extended for Five Years
Jul 2, 2012 -
On Friday, the US House passed H.R.4348, which reauthorizes the National Flood Insurance Program (NFIP) for five years. NFIP is the primary source of reliable, affordable flood insurance coverage for millions of American homes and businesses. The bill includes an amendment by Congressman Scott to al...
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Helping Atlanta Homeowners Avoid Foreclosure
Jun 7, 2012 -
Last week, in College Park, 1,478 homeowners attended the “Help for Homeowners Event” at the Georgia International Convention Center. It was the fourth time the Obama Administration has sponsored an event for struggling homeowners in the Atlanta area. In total, 8,065 homeowners have been helped at e...
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Mortgage Help is still Needed
Apr 25, 2012 -
A version of this column was submitted as part of the CBC weekly editorial. Before President Obama took office, America was already in a recession. Four years later, we are finally seeing a gradual recovery with lower unemployment rates and better returns on retirement plans. Yet, we still see many ...
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Major Mortgage Relief for Georgia Homeowners
Feb 14, 2012 -
Federal and state governments recently settled a major agreement with the country’s five largest mortgage servicers: Ally/GMAC, Bank of America, Citi, JPMorgan Chase and Wells Fargo. Over the next three years, the settlement funds will be used for: principal reduction and loan modifications - up to ...
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New Help For Homeowners
Nov 2, 2011 -
Two major policy changes have been announced that could help millions of homeowners. First, Fannie Mae and Freddie Mac recently announced a series of changes to the Home Affordable Refinance Program (HARP) to allow more borrowers refinance their home mortgage. Second, a consent order with federal re...
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The Housing Crisis Drags Down the Economic Recovery
Oct 24, 2011 -
This column was submitted to the National Newspaper Association The national unemployment rate is around nine percent and over ten percent in my home state of Georgia. With so many people looking for work, it is no wonder the housing crisis continues to harm more and more Americans. Georgia ranks fo...
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Foreclosure Prevention Tips
Sep 6, 2011 -
The loss of a home is a terrible burden on a family. Georgians know all too well that foreclosures have been at record levels. Over the last two years, Congressman Scott's office has fielded thousands of calls from constituents facing foreclosure problems. Each case is unique and none are easy. It m...
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Investigating Community Bank Failures
Jul 27, 2011 -
Update 8/2/2011 - Congressmen Scott and Westmoreland will host a Congressional hearing in Georgia to review community banks failures. For updates, check back at this link. What: Subcommittee on Financial Institutions and Consumer Credit will hold a field hearing entitled “Potential Mixed Messages: I...
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