H.R. 830 is the FHA Refinance Program Termination Act. This legislation that Walsh voted "Yay" takes away funding to help struggling homeowners.
Over the course of the last two years, many steps have been taken to help struggling homeowner stay in their homes. Despite the FHA Programs available to help with restructuring and refinancing, many homeowner have faced miles of "red-tape". Yet this red-tape was not government red-tape but rather a created bureaucracy of the banking industry who really doesn't care about your personal situation. Instead of working to ensure these programs get to work for the people, Walsh and company took the "easy button" approach and just axed the whole program. The White House WILL veto this bill if it makes it to the President's desk.
H.R. 836 was voted for by Walsh which is the Emergency Mortgage Relief Termination Act. Another tool for struggling homeowners that Walsh thinks is no good.
What is ironic about these actions by our Districts mis-Representative is that working class Americans will only use "foreclosure" as a last resort and will work feverishly and fret to avoid the stigma. However if you know anything about Joe Walsh, you know he took the easy way and foreclosed on his 10th District Condo (primary residence) in 2008. Walsh speaketh with forked-tongue.
