Categorized | Elections, News

Gabbard praises Obama mortgage relief program

MEDIA RELEASE

Iraq war veteran and candidate for Congress Tulsi Gabbard has issued the following statement in support of President Obama’s recently announced mortgage relief program for veterans:

“I wholeheartedly support President Obama’s effort to ensure that those who served our country overseas are protected against predatory lending practices here at home. Serving in a war zone requires intense focus – our men and women in uniform shouldn’t have to worry that while they are fighting abroad their families are fighting to keep their houses here at home.”

Federal authorities are expected to review thousands of military mortgages to look for irregularities. In cases where service members were illegally foreclosed on or illegally charged more than 6 percent interest, those service members will receive compensation from a fund established as part of a settlement between major U.S. banks, the Obama Administration and state Attorneys General.

“I am pleased the Obama Administration is taking steps to fix the damage done to service members by predatory lenders and irresponsible banks. At the same time, I believe more vigilance in Congress could have prevented many of the problems we are working so hard to correct. Veterans, service members, and all Hawaii residents deserve a Representative who reports to them, not Wall Street.

“As a member of Congress, I’ll work every day to protect the homes and investments of our service members and veterans, and fight for a brighter future for all of Hawaii.”

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