March 6, 2009 - 01:32 pm
News Feed: New Hampshire

NRCC goes after Shea-Porter on housing vote

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From the NRCC:

Rep. Carol Shea-Porter (D-NH) voted last night against protecting millions of Americans who played by the rules, including thousands of her constituents. The motion that she voted against would have prohibited those who lied on mortgage applications from receiving taxpayer assistance. Instead, Shea-Porter has voted along with her party bosses in Washington to reward dishonest borrowers, unscrupulous lenders, and speculators (House Roll Call 103).

Specifically, Shea-Porter voted against a motion that would prohibit taxpayer funds from being used:

to assist anyone who lied about their income or assets on their mortgage application;
to assist any lender that failed to follow proper underwriting standards;
as incentives to lenders to rework loans for irresponsible borrowers;
unless the President submits a plan that provides equitable treatment of all mortgage holders.

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