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Home > Blogs > Ohio politics > Archives > 2009 > March > 03 > Entry
Turner wants a commission to study foreclosure crisis
U.S. Rep. Mike Turner, R-Centerville, has introduced a measure seeking to create a congressional commission to study the root causes of the nation’s foreclosure and mortgage lending crisis.
He tried to have the amendment attached last week to a bill that would allow bankruptcy judges to modify loans on primary residences, but will likely push the bill as a standalone measure this week.
His proposal would create a bipartisan commission of 10 members, including two co-chairmen, that would study the current legal and regulatory framework governing housing mortgage lending markets.
The commission would also study how the current framework contributed to the boom in foreclosures. The commission would also craft recommendations aimed at preventing future crises.
The commission, he said, would “lead to real bipartisan work and solutions for working American families.”
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