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In difficult year WA legislature passes bills to protect homeowners, encourage savings

By Gary Burris, Senior Policy Associate With the current state budget shortfall, federal budget deficits and looming cuts in vital services, it’s easy to miss a few of the good things that are happening in our state legislature. Specifically, several

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Posted in An Inclusive Economy

Foreclosure fairness bill would require bank mediation, keep more people in their homes

By Gary Burris, Senior Policy Associate The mortgage crisis has hit millions of Americans. Most recent estimates show that 23% of home owners nationwide owe more than their homes are worth – including tens of thousands of Washingtonians. Banks used

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New legislation seeks to improve consumer finance protections for homeowners

Over 30,000 Washington homeowners lost their homes in 2009, 37,000 in 2010, and the Associated Press reports that 2011 is projected to be even worse, with 41,100 home foreclosures forecast. Many people could keep their homes if they could get

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Posted in An Inclusive Economy
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