Today, the United States Senate will vote on an amendment offered by Sens. Jeff Merkley (D-OR) and Amy Klobuchar (D-MN) to S. 3217, the “Restoring American Financial Stability Act of 2010,” that, if passed, will put the mortgage broker out of business.Read more

Senate Banking Committee Chairman Chris Dodd (D-CT) was joined by fellow committee members Jack Reed (D-RI), Charles E.Read more

In an effort to curb record-high foreclosure rates across the country and stabilize the housing market, U.S. Sen. Jack Reed has introduced legislation that will help keep families in their homes and prevent communities from deteriorating as a result of skyrocketing mortgage defaults. Reed’s Preserving Homes and Communities Act of 2009, cosponsored by Sens.Read more