On the recordOctober 24, 2017
I thank the gentleman, my friend, for yielding. Mr. Chair, this is a subject that I think we have a great deal of experience on in this country. It is only a decade since the housing crisis wreaked havoc, not just on individual families, but on whole communities. {time} 1645 The notion that one of the available tools that we can deploy to deal with the consequence of this sort of predatory activity by going right at the source of that predation and require them to supply the resources to offset the impact of that activity is something that we really ought to think carefully about. Mr. Chair, mortgage foreclosures wreck families, but also wreck communities. We ought to use every tool we can to prevent them by ensuring that individuals know and have access to the resources they need in order to prevent this from happening again. The impact is devastating, and we ought to do everything we can to prevent it from happening again.
