February 9, 2012
AFT President Randi Weingarten on Foreclosure Abuse Settlement
"Today's settlement offers critical relief to millions of homeowners struggling to keep a roof over their heads and provide for their families."
WASHINGTON—"Fixing America's housing crisis is crucial to restoring economic fairness in our country and rebuilding our middle class.
"Millions of American families have been unable to afford their mortgage payments through no fault of their own; they've seen their property values plummet and faced banks unwilling to negotiate with them. We also know that providing safe and stable homes for our children is essential to helping them learn and thrive in the classroom.
"Today's settlement offers critical relief to millions of homeowners struggling to keep a roof over their heads and provide for their families. We applaud New York Attorney General Eric Schneiderman, California Attorney General Kamala Harris and others who fought to strengthen this settlement and ensure that the banks responsible for creating this housing crisis be held accountable for fraudulent and potentially illegal conduct."
Follow AFT President Randi Weingarten: http://twitter.com/rweingarten
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The AFT represents 1.5 million pre-K through 12th-grade teachers; paraprofessionals and other school-related personnel; higher education faculty and professional staff; federal, state and local government employees; nurses and healthcare workers; and early childhood educators.