Gubernatorial candidate Terry McAuliffe today highlighted his plan to encourage homeownership and keep homeowners in their homes. McAuliffe proposed measures to educate consumers on financial issues, create savings accounts for first-time homebuyers, and protect consumers from predatory lending practices.
"The severity of the current financial crisis overall, and the mortgage crisis in particular, undermines the most basic part of the American dream: homeownership," McAuliffe said. "Much is happening at the federal level to address the mortgage crisis and under Governor Kaine, Virginia has taken bold and aggressive steps to address the issues raised in the current crisis. We need to look beyond the crisis and keep our eye on the long-term goal: increasing homeownership for all in a sensible and realistic way."
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