Housing foreclosures take center stage in Hartford

Subprime mortgages and house foreclosures took center stage at a hearing in Hartford Thursday.The Banks Committee held the hearing on a number of proposals to

HARTFORD - Subprime mortgages and house foreclosures took center stage at a hearing in Hartford Thursday.

The Banks Committee held the hearing on a number of proposals to help people caught in the subprime mortgage whirlpool. Lawmakers heard from community organizations and homeowners who are in foreclosure and trying to save their homes.

Some of the proposals include loans, from both state and private banks, and emergency mortgage assistance.

Earlier in the week, statistics put Connecticut in the top 10 in the country when it comes to foreclosures.

?What we?re looking to do is keep families in homes, stabilize our housing market,? Sen. Bob Duff (D-Norwalk) says. ?We?re looking to do it in a way that?s not a handout, but a hand up to help loans and redoing some of the loans.?

Duff says state lawmakers are committed to helping with the housing crisis as soon as possible.

Housingcrisis sparks proposals by state Dems

advertisement | advertise on News 12

Trending Video

They say crews arrived shortly after receiving a 1 Woman killed in Norwalk fire
A Stamford family says they're shocked to be 2 Family faces blight charges over racial slur on garage
The incident happened at 4700 block of Main 3 Driver trapped in car after Bridgeport crash
Nassau Police say they arrested a 23-year-old man 4 Police: Uber driver beaten unconscious by passenger
The event features deals and specials at two 5 Stamford Downtown holds Winter Restaurant Weeks

advertisement | advertise on News 12

Features

Focus on Connecticut Focus on Connecticut

Features local, state and federal officials discussing the issues around southwestern Connecticut.

Celebrates African-American culture in southwestern Connecticut. Our Lives

Celebrates African-American culture in southwestern Connecticut.

Each week News 12 Connecticut introduces you to Hometown Hero

News 12 highlights people who give to the community.

We spotlight a local team each week. Connecticut Team of the Week

Each week News 12 Connecticut highlights a team from a local school.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE