On the recordJune 15, 2010
Madam President, let me tell you about this amendment. It comes from me and Senator Snowe, and it would create the Office of the Homeowner Advocate within HAMP. It is needed because people don't really have an advocate within HAMP. They get their questions answered from servicers who often make mistakes, and people have been losing their homes simply because of mistakes. The White House called this one of the 10 best amendments for the Wall Street reform bill. It didn't get a vote then. It costs nothing. No new money. It costs absolutely nothing. Senator Vitter weighed in and made it better by having me put in something about people who can afford their mortgage can't participate in HAMP, and it removes language that would delay foreclosures. I urge all my colleagues to vote--that was telling me I was out of time? The PRESIDING OFFICER. Order in the Chamber.





