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Washington, DC - June 7, 2011 - (RealEstateRama) -- Congressman Bill Posey (R-FL) was joined by 17 of his House colleagues in introducing legislation to aid economic recovery by preventing federal bank regulators from arbitrarily penalizing community banks for working with borrowers to modify their loans or accepting mortgage payments from someone other than the borrower. Since the 2008 financial crisis, federal bank regulators have been unnecessarily obstructing the ability of community banks to make and modify loans to small businesses and mortgage recipients.

Washington, DC - May 6, 2011 - (RealEstateRama) -- Congressman Bill Posey (R-FL) was joined by 17 of his House colleagues in introducing legislation to aid economic recovery by preventing federal bank regulators from arbitrarily penalizing community banks for working with borrowers to modify their loans or accepting mortgage payments from someone other than the borrower. Since the 2008 financial crisis, federal bank regulators have been unnecessarily obstructing the ability of community banks to make and modify loans to small businesses and mortgage recipients.

Washington, DC - December 3, 2009 - (RealEstateRama) -- The House of Representatives today passed a resolution cosponsored by Congressman Bill Posey (R-Rockledge) to encourage banks and mortgage service providers to work with families affected by contaminated drywall and to allow temporary forbearance without penalty on payments on their home mortgages. The resolution is nonbinding but serves to raise awareness to the unfortunate situation that has affected some homeowners in recent years.