Financial Services
(Washington, DC)--On December 10, 2008, Congressman Al Green (D-TX) joined Congressman Steven LaTourette (R-OH) in passing a bipartisan amendment to the Auto Industry Financing and Restructuring Act. The amendment enhances transparency in the lending provided for through the Act or through the Troubled Assets Relief Program (TARP) included in the Emergency Economic Stabilization
(Washington, DC)--Today, Congressman Al Green (TX-09), a member of the House Financial Services Committee, released the following statement on the passage of H.R. 1424, the Emergency Economic Stabilization Act of 2008.
(Houston, TX)--Today, Congressman Al Green was joined by House Financial Services Committee Chairman Barney Frank at a press conference to discuss housing issues and legislation pending in the House Financial Services Committee to address the ongoing subprime mortgage crisis.
(Washington, DC)--Yesterday, the House of Representatives passed H.R. 3915, the Mortgage Reform and Anti-Predatory Lending Act of 2007. This bill responds to the subprime mortgage crisis by instituting much needed reform which would prevent bad loans from being made to consumers who cannot repay those loans.
(Washington, DC)--Congressmen Al Green (D-TX) and Patrick McHenry (R-NC), members of the House Committee on Financial Services, today introduced the Mortgage Disclosure Simplification Act of 2007. This legislation will require mortgage lenders to give every borrower a one-page summary of important information regarding their loan.
(Houston, TX)--Today, Congressman Al Green (TX-09) applauded the Association of Community Organizations for Reform Now's (ACORN) plans to conduct a large scale outreach program to find homeowners at risk of losing their home due to a predatory loan. Last week, Congressman Al Green passed an amendment to the Expanding American Homeownership Act of 2007 which would impose on mortga
(Washington, DC)--Today, the House Committee on Financial Services passed H.R.
(Washington, DC)--On Wednesday, the Financial Services Committee passed legislation that included language introduced by Congressman Al Green (TX-09) that would address low-income housing shortages along the hurricane-ravaged Gulf Coast. Congressman Al Green successfully authorized 4,500 new project-based vouchers to create housing for persons displaced by Hurricanes Katrina and
(Houston, TX)--Congressman Al Green (TX-09) today urged students and parents to consolidate federal student loans before July 1, 2006, when interest rates on outstanding loans are expected to rise to the highest rate in six years. Consolidation enables students and parents to combine their separate loans into one loan and lock in a low fixed interest rate, saving borrowers thousa
(Houston, TX)--Today, Congressman Al Green (TX-09) joined the Federal Home Loan Bank (FHLB) of Dallas and Capital One in the Sunnyside area of Houston, TX, for the announcement of eight grant awards totaling $2 million to assist low-income persons in their pursuit of homeownership throughout the Texas and Louisiana region.