Foreclosure Prevention Act

FOR IMMEDIATE RELEASE:                                CONTACT: BARBARA RILEY

7/26/08                                                                                          202-224-2841

                                                                                                        LIZ CHAMBERLAIN

                                                                                                        603-430-9560

SUNUNU ISSUES STATEMENT ON

 “FORECLOSURE PREVENTION ACT”

Supports bill to address housing crisis and mortgage regulation

WASHINGTON, DC – United States Senator John Sununu (R-NH) voted today (7/26) to pass the “Foreclosure Prevention Act”– comprehensive legislation that will help struggling homeowners hard-hit by foreclosures, stabilize the housing market, reform the oversight of government sponsored enterprises Fannie Mae and Freddie Mac, and strengthen mortgage disclosure requirements. In addition, the Act provides an increased standard deduction for those who pay property taxes but do not itemize deductions on their federal returns. 

For Immediate Release